3 papers
stat.ME2021
How to Guide Decisions with Bayes Factors
Patrick Schwaferts, Thomas Augustin
Some scientific research questions ask to guide decisions and others do not. By their nature frequentist hypothesis-tests yield a dichotomous test decision as result, rendering the…
stat.ME2021
Bayes Factors can only Quantify Evidence w.r.t. Sets of Parameters, not w.r.t. (Prior) Distributions on the Parameter
Patrick Schwaferts, Thomas Augustin
Bayes factors are characterized by both the powerful mathematical framework of Bayesian statistics and the useful interpretation as evidence quantification. Former requires a param…
stat.ME2021
Practical Relevance: A Formal Definition
Patrick Schwaferts, Thomas Augustin
There is a general agreement that it is important to consider the practical relevance of an effect in addition to its statistical significance, yet a formal definition of practical…