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Bayesian statistics are mathematically perfect, as long as your priors are true. Unfortunately, they are not.
by skj 8y ago
Bayesian statistics are mathematically perfect, as long as your priors are true. Unfortunately, they are not.
- EGreg 8y agoI think it’s the opposite. Your confidence intervals are only true if your distribution is true. But how can it be that perfect? At least Bayesians adjust their knowledge like scientists.