Initial vs. Final Precision

Recently I have written about the fundamental divide between Frequentist and Bayesian statistics that lies at the heart of many interpretations of the p-value debate. Perhaps the biggest weapon of the Bayesian camp in the intellectual dispute is the surprising fact of how often you can actually be wrong even if you have a p-value smaller than 0.05. A quite extreme example is put forward in this article. Continue reading Initial vs. Final Precision