bhobba said:
As usual he is correct.
The issue though is whether there is a practical situation that a very small probability doesn't exist below which it makes no difference.
Its the same issue in applying the calculus. You need a some Δt not equal to zero to actually use it - but since its not zero it can't be correct in measuring things. But in practice there are intervals that for all practical purposes its square can be taken as zero - which is the intuitive approach to it.
Thanks
Bill
Right. Frequentism could be considered a pragmatic methodology for dealing with statistics, without making any claims about the philosophy of probability.
The thing that is annoying about Bayesianism is that none of its conclusions are ever exciting or revolutionary. The Bayesian can never make a definitive announcement of the form: "Our statistics show that cigarettes cause cancer" or "Our experiments show that parity is violated by weak decays." For the Bayesian, data never proves or disproves a claim, it just adjusts the posterior probability of its being true. In contrast, scientists schooled in Karl Popper falsifiability think in terms theories being thrown out by experiment.
When it comes to figuring out what course of action to take in response to some crisis, Bayesianism vs. Falsifiability seems to me to make a difference.
Suppose there are two competing theories about the cause of some disease afflicting a patient: Theory A, and Theory B. Suppose there are three treatment options: Option 1, Option 2, Option 3.
Theory A says that Option 1 is the best treatment, and Option 2 is not nearly as good, and Option 3 is so bad, it will likely kill the patient.
Theory B says that Option 3 is the best treatment, and Option 2 is worse, and Option 1 will kill the patient.
The Bayesian analysis would proceed as follows:
Let P(\alpha) be the subjective probability of theory \alpha
Let P(j | \alpha) be the probability of survival of the patient, given that theory \alpha is true, and option j is chosen.
Then we compute P(j), the probability of survival given option j as follows:
P(j) = \sum_\alpha P(\alpha) P(j | \alpha)
So we pick the option that maximizes the probability of survival.
I would think that justifying that choice would be very difficult for the frequentist. The frequentist would say that there is no probability of theory A versus theory B. Either one or the other is correct, even if we don't know which. So either
P(j) = P(j | A)
or
P(j) = P(j | B)
but we don't know which. Combining different theories to get an overall probability makes no sense, from a frequentist point of view.