3 ms·
Yes, but it's unknown. And hence any meaningful estimation made using that prior means that it is based on an assumption, which may or may not hold.
by sdave 6y ago
Yes, but it's unknown. And hence any meaningful estimation made using that prior means that it is based on an assumption, which may or may not hold.
- qznc 6y agoYou can always pick a know-nothing prior. For a binary decision it would be 50%.