The Butler, The Maid, And The Bayes Factor

This post is based on the example discussed in Wagenmakers et al. (in press). The Misconception Bayes factors are a measure of absolute goodness-of-fit or absolute pre- dictive performance. The Correction Bayes factors are a measure of relative goodness-of-fit or relative predictive performance. Model A may outpredict model B by a large margin, but this does not imply that model…
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