lottin

Social status is a big part of what makes a person attractive especially if you're a man.

Imagine we want to know the ratio of men to women in a particular population. We could count all men and women one by one, but it would take too long, so instead we take a random sample and count the men and women in the sample, and from that we infer the quantity that we want to know. This is statistical inference.

In Bayesian inference, the population ratio is seen as a quantity that can take different values each with a associated probability (i.e. a random variable), and the result of Bayesian inference is an estimate of the probability distribution of the population parameter, in this case the population ratio. Now, in reality the population ratio is a concrete number, say 9-to-10, meaning that there are 9 men for every 10 women in the population. But Bayesians don't care. They'll tell you that the population ratio is a random variable which can take many values, and that the probability that it is equal to 9-to-10 is whatever number between 0 and 100%.

This is nonsense because the population ratio is NOT a random variable. People don't come in and out of existence randomly, right? In a way, they're saying there are infinitely many possible universes, each with a different population ratio, and then they come up with an estimate of the probability that the universe in which the ratio is 9-to-10 has whatever probability of occurring. This is absolutely BIZARRE. (I hope you agree). And it's wrong because it's impossible to know how likely one universe is compared to all other possible universes, since we live in our universe and this is all we can hope to observe.

> Bayesian inference assumes the observed data are fixed and aims to quantify the evidentiary support for all possible levels of treatment effectiveness based on the data at hand.

The problem with this approach is that we can only observe ONE level of treatment effectiveness, i.e., the level of treatment effectiveness that the treatment actually possesses. All other possible levels of effectiveness are entirely hypothetical. There's no data about all these other possible levels of effectiveness because they don't occur in reality. So the data cannot possibly tell you anything about how likely is the observed outcome, because the observed outcome is the only outcome that you observe. I

This criticism was made over 100 years ago, and Bayesians still don't have an answer. They just keep going as if nothing happened, but the reality is their methodology is utterly and fatally flawed.

> In Bayesian statistics, on the other hand, the parameter is not a point but a distribution.

To be more precise, in Bayesian statistics a parameter is random variable. But what does that mean? A parameter is a characteristic of a population (as opposed to a characteristic of a sample, which is called a statistic). A quantity, such as the average cars per household right now. That's a parameter. To think of a parameter as a random variable is like regarding reality as just one realisation of an infinite number of alternate realities that could have been. The problem is we only observe our reality. All the data samples that we can ever study come from this reality. As a result, it's impossible to infer anything about the probability distribution of the parameter. The whole Bayesian approach to statistical inference is nonsensical.

Retained earnings are not taxed per se. A company pays taxes on profits. Whether the profits are distributed to shareholders or retained makes no difference whatsoever as far as taxes are concerned.

How does exactly "breaking windows" improve the lives of people?

I can't imagine a situation in which I'd want to explain what I want to do on the command line to an LLM, instead of typing the commands myself.

I wish the scroll bar was a little less invisible.

As expected. This is why we don't use nominal dollars for measuring changes in prices over long time periods. It's meaningless.

I think it's just a meaningless sentence.

If I deposit dollars in a savings account I will get paid interest, but that is different from the dollar itself being an interest-bearing asset. I think the same thing applies to stablecoins. Does USDC pay interest to the holder or do I have to make a USDC deposit at Coinbase in order to get paid interest? Also, banks already offer a ton of products that generate yield. I don't see why a product that seems relatively similar to many products that banks already offer would destroy their business... unless such a product is much better than what banks offer, but that doesn't seem to be the case.

Considering that stablecoins don't pay interest to the holder, I don't know why anyone would be incentivised to move their funds into stablecoins.

Why would a stablecoin granting yield keep the banking system from working?

The whole point of working out is to stress the organism in order to induce a physiological adaptation. Inflammation is NOT the point, but rather an unfortunate side effect.