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OK, now try to make some claims about the real world. You will have to make frequentist confidence or Bayesian credibility claims.
by judk 12y ago
OK, now try to make some claims about the real world. You will have to make frequentist confidence or Bayesian credibility claims.
- bayesianhorse 12y agoInterpreting frequentist confidence in terms of the real world is actually quite difficult.
- graycat 12y agoNo, commonly the key to "some claims about the real world" is independence. Then can apply, with meager assumptions, say, the weak law of large numbers (which we do prove), that is, take an average. Also sometimes can make some "claims' based on conditional independence (which my axioms give us the ability to define) and apply, say, the martingale convergence theorem.