Precise Bayesian analysis is often impossible, and impossible can’t be useful. A notch down, take the difficulty of analysis as a counterbalance. Only if you can show that in a given situation you can do better by including that additional info, that is justified, not in general.
Precise Bayesian analysis is often impossible, and impossible can’t be useful. A notch down, take the difficulty of analysis as a counterbalance. Only if you can show that in a given situation you can do better by including that additional info, that is justified, not in general.