4 ms·

Not sure if joking..

• pps43 8y ago
  Well, events over trials is frequentist definition. Unbiased estimate with nice statistical properties. You know that it's an underestimate because you have prior knowledge about cancer incidence. Bayesian methods let you incorporate that knowledge into estimation process, pulling the estimate up towards a more realistic value.
  • mr_toad 8y ago
    > nice statistical properties. Undefined variance isn’t nice.