The current state of my understanding (briefly):
- I very much understand reductionism and the distinction between the map and the territory. And I very much understand that probability is in the mind.
- From what I understand, prior probability is just the probability you thought something was going to happen before having observed some evidence, and posterior probability is just the probability you think something will happen after having observed that evidence.
- I don't really have a precise way of using evidence to update my beliefs though. I'm trying to think of and explain how I currently use evidence to update my beliefs, and I'm disappointed to say that I am struggling. I guess I just sort of think something along the lines of "I'd be unlikely that I observe X if A were really true. I observed X. I think it's less likely that A is true now."
- I've made attempts at learning Bayes' Theorm and stuff. When I think it through slowly, it makes sense. But it really takes me time to think it through. Without referring to explanations and thinking it through, I forget it. And I know that that demonstrates my lack of "true" understanding. In general, my short term memory and ability to reason through quantitative things quickly seems to be well above average, but far from elite. Probably way below average amongst this community.
- What are the practical benefits of having an intuitive understanding of Bayes' Theorem? If it helps, please name an example of how it impacted your day today.
- I mention in 3) that it takes me time to think it through. To those of you who consider yourselves to have an intuitive understanding, do you have to think it through, or do you instinctively update in a Bayesian way?
- How urgent is it to intuitively understand Bayesian thinking? To use me as an example, my short-mid-term goals include getting good at programming and starting a startup. I have a ways to go, and am working towards these things. So I spend most of my time learning programming right now. Is it worth me taking a few weeks/months to study probability?
First off, I should note that I'm still not really sure what 'Bayesianism' means; I'm interpreting it here as "understanding of conditional probabilities as applied to decision-making".
No human can apply Bayesian reasoning exactly, quantitatively and unaided in everyday life. Learning how to approximate it well enough to tell a computer how to use it for you is a (moderately large) research area. From what you've described, I think you have a decent working qualitative understanding of what it implies for everyday decision-making, and if everyday decision-making is your goal I suspect you might be better-served reading up on common cognitive biases (I heartily recommend /Heuristics and Biases/ ed Kahneman and Tversky as a starting point). Learning probability theory in depth is certainly worthwhile, but in terms of practical benefit outside of the field I suspect most people would be better off reading some cognitive science, some introductory stats and most particularly some experimental design.
Wrt your goals, learning probability theory might make you a better programmer (depends what your interests are and where you are on the skill ladder), but it's almost certainly not the most important thing (if you would like more specific advice on this topic, let me know and I'd be happy to elaborate). I have examples similar to dhoe's, but the important bits of the troubleshooting process for me are "base rate fallacy" and "construct falsifiable hypotheses and test them before jumping to conclusions", not any explicit probability calculation.