When are Bayesian methods preferable to Frequentist?
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When are Bayesian methods preferable to Frequentist?
a mathematical recipe for going from what we already know (the prior) to what we should believe next (the posterior), based on what we are learning now (the likelihood).
Anil Seth • Being You: A New Science of Consciousness
Bayes’s rule as a way to update our belief in a particular hypothesis.
Judea Pearl, Dana Mackenzie • The Book of Why
The point of Bayesian decision theory is to help make a decision. Or, more accurately, to describe the optimal way of making a decision, given uncertainty about the outcome.