A frequentist is a person whose long-run ambition is to be wrong 5% of the time. A Bayesian is one who, vaguely expecting a horse, and catching a glimpse of a

A frequentist is a person whose long-run ambition is to be wrong 5% of the time. A Bayesian is one who, vaguely expecting a horse, and catching a glimpse of a donkey, strongly believes he has seen a mule. http://www.statisticalengineering.com/frequentists_and_bayesians.htm http://www.statisticalengineering.com/frequentists_and_bayes...