In various contexts, for practical, philosophical, and logical reasons, there is a default assumption. In the criminal justice system, for example, someone is presumed innocent until proven guilty. T ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
In this paper, we show that the conditional frequentist method of testing a precise hypothesis can be made virtually equivalent to Bayesian testing. The conditioning strategy proposed by Berger, Brown ...
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