Idiot wrote:
rf wrote:Bayesian statistics has just as rigorous mathematical foundations as those for frequentist stats (whether or not either is really math is a different question). Working in a non idealized setting updating odds after iterations using Bayes' rule or some other method is perfectly reasonable and most likely more accurate than insisting trials fit some idealized distribution.
But this scenario the poster laid with 100 straight crooked flips has nothing to do with statistics. It's an environment where someone controls the outcome and decides what that outcome is based on a static input. Its 3 card Monty. An outside observer could bet on what the coin flipper will manipulate the outcome to be based on if it's a long term game or a one time flip, but the person betting on the flip doesn't realize he has imperfect information and the flipper has both perfect information and total control. It's a behavioral question.
Someone gets it ... Bayesian priors
https://en.wikipedia.org/wiki/Checking_whether_a_coin_is_fair