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If you have different beliefs than you'll have different probability distributions. There's nothing wrong with that. Subject to a few technical requirements (b
by yummyfajitas 10y ago
If you have different beliefs than you'll have different probability distributions. There's nothing wrong with that.
Subject to a few technical requirements (basically absolute continuity of priors), it's a theorem in that your posteriors will eventually converge as more evidence is gathered.
That's why I like frequentist statistics. It gives me a way to settle the answer outside of my own belief system.
Can you explain this? To me this makes no sense - as a Bayesian I run simulations too.