What are the principles of Bayes’ Theorem? How can they help you calculate the probability of an event? Bayes’ Theorem suggests that you make better predictions when you consider the prior likelihood of an event and update your predictions in response to the latest evidence. Nate Silver discusses how the theorem encourages you to think while making predictions. Let’s look at the two Bayesian principles that can help you think better.
How Bayesian Principles Help Us Make Better Predictions










