Kenneth Bernoska

39%
Flag icon
As an empirical matter, we all have beliefs and biases, forged from some combination of our experiences, our values, our knowledge, and perhaps our political or professional agenda. One of the nice characteristics of the Bayesian perspective is that, in explicitly acknowledging that we have prior beliefs that affect how we interpret new evidence, it provides for a very good description of how we react to the changes in our world. For instance, if Fisher’s prior belief was that there was just a 0.00001 percent chance that cigarettes cause lung cancer, that helps explain why all the evidence to ...more
The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
Rate this book
Clear rating
Open Preview