Explaining the intuition behind Bayesian inference

Explains how changes to the prior and data (acting through the likelihood) affect the posterior. This video is part of a lecture course which closely follows the material covered in the book, "A Student's Guide to Bayesian Statistics", published by Sage, which is available to order on Amazon here: https://www.amazon.co.uk/Students-Guide-Bayesian-Statistics/dp/1473916364 For more information on all things Bayesian, have a look at: https://ben-lambert.com/bayesian/. The playlist for the lecture course is here:    • A Student's Guide to Bayesian Statistics  

• #education
• #econometrics
• #statistics
• #bayesian