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4 points by while 3784 days ago | link | parent

Posterior distributions. From them you can derive confidence intervals (or credible intervals as called within Bayesian stats) for your estimates and also set up tests. I'm not that familiar with testing within the Bayesian regime though so if someone else could add on this I would also be interested.


6 points by capnrefsmmat 3784 days ago | link

Bayes factors are the rough equivalent of hypothesis tests:

https://www.andrew.cmu.edu/user/kk3n/simplicity/KassRaftery1...

Alternately you can directly compute posterior odds.

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2 points by Tomrod 3783 days ago | link

Great read. Thanks.

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3 points by hmswaffels 3783 days ago | link

For an overview, check out: http://www.indiana.edu/~kruschke/articles/KruschkeAJ2012.pdf

Kruschke goes over decision rules for dealing with the null hypothesis within the context of a 95% highest probability density interval, among other things.

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2 points by Tomrod 3783 days ago | link

Sounds firmer than frequentist methodology. Thou almost convinceth me to become a Bayesian.

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2 points by while 3783 days ago | link

well, there are other problems with the Bayesian approach. Look into uninformative priors for example. Bayesian stats are really powerful for some tasks and frequentist in others. I think it is always good to know a bit of both and when to use what.

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