Odds are an alternative way of presenting probabilities. 50% corresponds to 1:1, 66.66..% corresponds to 1:2, 90% corresponds to 1:9, etc. 33.33..% correspond to 2:1 odds, or, with the first number as as a 1, 1:0.5 odds.
Log odds, or bits, are the logarithm of probabilities expressed as 1:x odds. In some cases, they can be a more natural way of thinking about probabilities (see e.g., here.)
Sorry if this is a silly question, but what exactly are “log odds” and what do they mean in this context?
Odds are an alternative way of presenting probabilities. 50% corresponds to 1:1, 66.66..% corresponds to 1:2, 90% corresponds to 1:9, etc. 33.33..% correspond to 2:1 odds, or, with the first number as as a 1, 1:0.5 odds.
Log odds, or bits, are the logarithm of probabilities expressed as 1:x odds. In some cases, they can be a more natural way of thinking about probabilities (see e.g., here.)
I think 75% is 1:3 rather than 1:2.
Whoops, changed
(A confusing way of writing “probability”)