Thursday, October 2, 2014

New York Times approachably describes Bayesian Statistics

The New York Times published an article of interest to statisticians the other day: "The Odds, Continually Updated". Surprisingly for a general-audience newspaper, this article goes into the the distinctions between Bayesian and frequentist statistics, and does so in a very approachable way. Here's an excerpt: The essence of the frequentist technique is to apply probability to data. If you suspect your friend has a weighted coin, for example, and you observe that it came up heads nine times out of 10, a frequentist would calculate the probability of getting such a result with an unweighted coin. The answer (about...



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