Bayes Factors for Those Who Hate Bayes Factors
This post is inspired by Morey et al. (2016), Rouder and Morey (in press), and Wagenmakers et al. (2016a). The Misconception Bayes factors may be relevant for model selection, but are irrelevant for parameter estimation. The Correction For a continuous parameter, Bayesian estimation involves the computation of an infinite number of Bayes factors against a continuous range of different point-null…
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