Thursday, November 29, 2012

Random: Frequentists vs. Bayesians

I <3 this. Original here: https://xkcd.com/1132/.

Adding to this - 0.05 is not a magic cutoff. Yet, some people treat a coefficient with a p-value of 0.049 and a coefficient with a p-value of 0.051 very differently.

frequentists_vs_bayesians