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danielmarkbruce • today at 2:50 AM • 1 reply • view on HN

Saying 50% likely very clearly implies there is no quantitative model to anyone who deals with probability, predictions, gambling, financial markets, ML/AI and so on. The lack of precision is something to pay attention to.

You may decide that the person doesn't know what they are talking about, but that's a very different issue.


Replies

biophysboy • today at 4:36 AM

Uninformative priors are a part of Bayesian models, which are useless if they cannot be updated with real or simulated data?

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