Limitations of Bayesian Leave-One-Out Cross-Validation for Model Selection
This post is an extended synopsis of a preprint that is available on PsyArXiv. “[…] if you can’t do simple problems, how can you do complicated ones?” — Dennis Lindley (1985, p. 65) Cross-validation (CV) is increasingly popular as a generic method to adjudicate between mathematical models of cognition and behavior. In order to measure model generalizability, CV quantifies out-of-sample…
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