Lesson 5 of 6 · All lessons in this module
- Expected value, variance and standard deviationVideo lesson
- Conditional probability and probability trees
- Conditional expected values and variancesVideo lesson
- Bayes' formula: updating a probability with new informationVideo lesson
- Bayes in practice: diffuse priors, missing inputs and screening tests
- Integrated cases: a tree with model forecasts and a Bayes update
Lesson 5 of 6 · 14 min
Bayes in practice: diffuse priors, missing inputs and screening tests
Exam Bayes problems usually hide one input: you may need to back it out with the total probability rule, use complements, or start from equal (diffuse) priors.
In short
- When is given directly, Bayes is one line: .
- If a likelihood is missing, solve for it with the total probability rule.
- Complements help: and .
- A diffuse prior gives every event equal probability, so the posterior is driven entirely by the likelihoods.
- Information is useful when it moves the posterior well away from the prior.
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