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That's how I would use it, anyway. Dreaded Anomaly Send a noteboard - 04/12/2011 10:41:01 PM
Log-odds is generally for modelling reality instead of hypothetical systems, then?


It's going to be useful in any system where you're trying to reason with limited information (and hopefully doing Bayesian updating). That could include a hypothetical like the two barrels full of marbles, when we're trying to figure out which barrel we have by withdrawing only a small sample of marbles. Obviously, in the simpler example with one barrel and absolutely known numbers of each type of marble, log-odds of withdrawing a red marble will go to infinity if we happen to withdraw all the green marbles first.
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That's how I would use it, anyway. - 04/12/2011 10:41:01 PM 424 Views
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