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BGonline.org Forums
A better approch?
Posted By: Maik Stiebler In Response To: A better approch? (Timothy Chow)
Date: Tuesday, 3 November 2009, at 7:18 a.m.
For simplicity, consider the case when there are just two plays. The j.s.d. thing is telling you the probability that you would observe an equity difference as large as (or larger than) what you actually observe, under the null hypothesis that the plays have the same equity. This is conceptually quite distinct from the probability that the higher-scoring play is really the better play.
Yet they happen to be quite close in practice (assuming a uniform prior in the Bayesian analyis and brushing over the 'estimating the standard deviation in the Bayesian way' issue).
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