Continue reading...Confessions of a moderate Bayesian, part 2
Read Part 1: Confessions of a moderate Bayesian, part 1
Bayesian statistics by and for non-statisticians
One of the continuous and occasionally contentious debates surrounding Bayesian statistics is the interpretation of probability. For anyone who is familiar with my posts on this forum I am not generally a big fan of interpretation debates. This one is no exception. So I am going to present both interpretations as factually as I can, and then conclude with my personal take on the issue and my approach.
Probability is a mathematical concept that is applied to various domains. I think that it is worthwhile to point out the mathematical underpinnings in at least a brief and...