Sorry, I wasn’t very clear on the first point: There isn’t a ‘correct’ prior.
In our context (by context I mean both the small number of observations and the implicit hypotheses that we’re trying to differentiate between), the prior has a large enough weight that it affects the eventual result in a way that makes the method unhelpful.
Sorry, I wasn’t very clear on the first point: There isn’t a ‘correct’ prior.
In our context (by context I mean both the small number of observations and the implicit hypotheses that we’re trying to differentiate between), the prior has a large enough weight that it affects the eventual result in a way that makes the method unhelpful.