The Single Most Prevalent Misinterpretation of Bayes’ Rule
We thank Alexander Ly for constructive comments on an earlier draft of this post. Bayes’ rule tells us how to learn from experience, that is, by updating our knowledge about the world using relative predictive performance: hypotheses that predicted the data relatively well receive a boost in credibility, whereas hypotheses that predicted the data relatively poorly suffer a decline (e.g.,…
read more