Interesting Bayesian decision analysis of whether the FDA is too conservative: alo.mit.edu/wp-content/upl.
Conversation
Bayesianism feels so odd here because you still have to assign weighted costs to type I & II error! Like obfuscated god-playing.
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Agreed -- but I don't see how you can possibly avoid it.
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Oh, I totally don’t either. It’s the obfuscation that feels weird to me!