There’s various technicalities of how and where Beyesian statistics apply to the world but I really interpreted it as meaning “if the world is ending then it doesn’t matter and if not then I’m up $50”. The Beyesian is just ruthlessly practical.
Not only that, but there’s a higher chance of the detector lying than the Sun supernova-ing, so it’s probably a false positive. Yes I did just read some paragraphs from 3–4 Wikipedia articles.
That is definitely not the joke. The joke is that the frequentist approach gives you a clearly nonsensical conclusion, because the prior probability of the sun exploding is extremely small.
There’s various technicalities of how and where Beyesian statistics apply to the world but I really interpreted it as meaning “if the world is ending then it doesn’t matter and if not then I’m up $50”. The Beyesian is just ruthlessly practical.
Not only that, but there’s a higher chance of the detector lying than the Sun supernova-ing, so it’s probably a false positive. Yes I did just read some paragraphs from 3–4 Wikipedia articles.
That is definitely not the joke. The joke is that the frequentist approach gives you a clearly nonsensical conclusion, because the prior probability of the sun exploding is extremely small.