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JonathanLivengood comments on XKCD - Frequentist vs. Bayesians - Less Wrong Discussion

18 Post author: brilee 09 November 2012 05:25AM

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Comment author: JonathanLivengood 09 November 2012 06:58:49PM 11 points [-]

I just want to know why he's only betting $50.

Comment author: mwengler 10 November 2012 12:00:11AM 12 points [-]

Because the stupider the prediction is that somebody is making, the harder it is to get them to put their money where their mouth is. The Bayesian is hoping that $50 is a price the other guy is willing to pay to signal his affiliation with the other non-Bayesians.

Comment author: beoShaffer 10 November 2012 12:04:56AM 5 points [-]

Because its funnier that way.