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A Bayesian analysis lets you see how the posterior varies as a function of the prior, instead of forcing you to pick a prior before you start. The tighter the
by lupire 2y ago
A Bayesian analysis lets you see how the posterior varies as a function of the prior, instead of forcing you to pick a prior before you start.
The tighter the range of this function, the more confidence you have in the result.
You can never know anything if you absolutely refuse to have a prior, because that gives division by 0 in the posterior.