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Title: In a decision problem where we wish to use Bayes' theorem to calculate posterior probabilities, we ...
Post by: assignment009 on Dec 17, 2017
In a decision problem where we wish to use Bayes' theorem to calculate posterior probabilities, we should always begin our analysis with the assumption that all states of nature are equally likely, and use the sample information to revise these probabilities to more realistic values.

True or False?


Title: Re: In a decision problem where we wish to use Bayes' theorem to calculate posterior probabilities, ...
Post by: Vitat on Dec 17, 2017
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Title: Re: In a decision problem where we wish to use Bayes' theorem to calculate posterior probabilities, we ...
Post by: assignment009 on May 8, 2018
hi again

thank you

PS: for anyone planning to take this course, it's HARD