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> Most people (even frequentist statisticians) actually interpret statistics that way, but Bayesian statistics formalizes it mathematically. So the difference
by diffeomorphism 8y ago
> Most people (even frequentist statisticians) actually interpret statistics that way, but Bayesian statistics formalizes it mathematically.
So the difference is only philosophical and that frequentists, according to Bayesians, tend to make errors more often in setting up their models?
- leereeves 8y agoThe core difference is philosophical, but building on that, Bayesians have built a new set of mathematical tools involving things like conjugate priors, posterior probabilities, credible intervals, and Bayes factors. The result is a different way of practicing statistics, not merely a difference in interpretation.