Bayesian Statistics engages in Pre-9/11 Thinking….

Going through Jeff Gill’s Bayesian text book when I came across the line: From the Bayesian perspective, there are two types of quantities: known and unknown. (43) This seems to be from the pre-9/11 school of thought as Rumsfeld* has us living in a more complicated world: I guess technically I should exclude unknown knowns – that is, those things we did not know that we already knew.  I also have written the words “know” and “known” far too many times that it no longer appears to be a real word anymore. *“Reports that say that something hasn’t happened are Continue reading Bayesian Statistics engages in Pre-9/11 Thinking….