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That first followup seems patently insane. "We don't know the value of p̂, so we'll assume it's 5/8". Why would you ever assume like that? The Bayesian approach
by anon4 12y ago
That first followup seems patently insane. "We don't know the value of p̂, so we'll assume it's 5/8". Why would you ever assume like that? The Bayesian approach appears to me exactly like the Frequentist, without the part where they assume convenient values of unknown parameters.