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randomsolutions | 2 years ago

I use Bayesian methods often, but this a just religious. Bayesian methods are just that, tools, methods for approaching a problem.

There are no laws for applying probability to the real world. To think so puts too much faith in your models. Remember, all models are wrong. Applying probability to the real world requires a host of assumptions, regardless of the methods you use.

Frequentist and Bayesian methods have different goals, both have there place.

For a counterweight to the strong likelihood principle find discussions of Larry Wasserman: https://youtu.be/Z-YvWyM6dRQ?si=qwzRiaPbj9ruiUEv

And for a balanced discussion for why both are great see Michael Jordan: https://youtu.be/HUAE26lNDuE?si=cwg6wpRS1gXL6r1Y

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