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by im3w1l
913 days ago
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I think the attraction of Bayesianism is kind of philosophical / aesethetical, it is is principled and sound and beautiful approach. It's kinda nice that it kinda extends and translates occams razors into numbers. Yes frequentist statistics work very well in practice, but it's a bit adhoc and suffers from various problems like say if you estimate velocity and estimate kinetic energy, you get values that are incompatible which is kinda ugly and non-intuitive and makes you want to dig deeper into how such a thing happened. Bayesianism has the answers. Also sometimes it really does matter like in medicine, where some conditions have a very low prior probability. |
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That's how many people feel about Bayesian methods when trying to pick an initial prior.