If we’re being pragmatic, the priors we had at birth almost don’t matter. A few observations will overwhelm any reasonable prior. As long as we don’t assign zero probability to anything that can actually happen, the shape of the prior makes no practical difference.
If we’re being pragmatic, the priors we had at birth almost don’t matter. A few observations will overwhelm any reasonable prior. As long as we don’t assign zero probability to anything that can actually happen, the shape of the prior makes no practical difference.