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>>> What's randomness in a coin toss? If we had all the information we could perfectly predict the result of a toss. But if we know nothing then at most we can
by analog31 4y ago
>>> What's randomness in a coin toss? If we had all the information we could perfectly predict the result of a toss. But if we know nothing then at most we can say is that both outcomes are equally probable.
That's because you know it's a coin toss. If it was something else like whether a seed will germinate or not, I wouldn't assume equal probability.
Admittedly, this is something that's always puzzled me about Bayesian statistics, though I'm not sure it's fundamental.