Another Brief Test of Your Bayesian Intuition: The Answer
In a previous blog post, we proposed the following test of your Bayesian intuition: Three friends –Alex, Bart, and Cedric– each assign their own prior distribution to a binomial chance parameter θ. Let’s say that θ is the chance that Harriet bakes a vegan pancake rather than a bacon pancake. Alex assigns θ a beta(300,3) prior distribution, indicating a strong…
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