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by wutbrodo
4028 days ago
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Perhaps a more concrete definition of an analogous concept would make this clearer: Are you familiar with the concept of a prior distribution[1]? The point of a prior is that, before you get any of the evidence, you can still have some sense of how likely each event is. If you asked me whether a microwave with more features would be more expensive, I would feel pretty comfortable saying "yea probably". As mentioned downthread, this is based on the fact that 99.9% of the time, in every single industry, products that are more functional will be more costly (all else held equal, obviously). [1] http://en.wikipedia.org/wiki/Prior_probability |
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