What’s Gained from Calculating Bayesian Probabilities?

April 12, 2014

(This article was originally published at Entsophy, and syndicated at StatsBlogs.)

The previous post claimed it’s reasonable to expect frequencies in binary experiments to be near .5 simply because that’s what most possible outcomes lead to. Reasonable or not, there’s no guarantee it’ll happen however. If 1% of the possibilities yield outcomes far from .5 that’s still an enormous number of exceptions in absolute terms, so […]