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Which model do
you believe?
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The
complicated model fits the
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data
better.
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But it
is not economical and it
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makes
silly predictions.
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But what if we
start with a reasonable
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prior over all
fifth-order polynomials
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and use the full
posterior distribution.
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Now
we get vague and sensible
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predictions.
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There
is no reason why the amount of
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data
should influence our prior beliefs
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about
the complexity of the model.
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