Another Brief 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 belief in high values of θ (i.e., Alex predicts that almost all of Harriet’s…
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