(Pesky?) Priors

When I tell people I am learning Bayesian statistics, I tend to get one of two responses: either people look at me blankly---"What's Bayesian statistics?"---or I get scorned for using such "loose" methods---"Bayesian analysis is too subjective!"1. This latter "concern" arises due to (what I believe to be a misunderstanding of) the prior: Bayesian analysis … Continue reading (Pesky?) Priors