The statistical probability that a hypothesis is true calculated in the light of relevant observations.
- They implemented a full Bayesian method for calculating posterior probabilities using Markov Chain Monte Carlo.
- To summarize: the paradox arises because you use the prior probabilities to calculate the expected gain rather than the posterior probabilities.
- The expectations are actually obtained using the posterior probabilities rather than the prior probabilities.
Definition of posterior probability in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.