In this week’s episode Greg and Patrick discuss Bayes Factors: what they are, what they aren’t, and how we might use them in practice. Along the way we also mention Madam Flora, Big Psychic, haters, Alaska cruises, the gift, dead grandfathers, bait and switches, owing Roy Levy a favor, doddering old frequentists, lipstick and pigs, Kimi Antonelli, accordions, elevators of blood, life choices, and the Titanic.
Related Episodes
- S8E05 Probability and Odds: What’s the Vig?
- S5E20 Local fit…Because Global Fit Measures Suck!
- S2E05 Model Based Thinking
- S1E14 Model Fit & The Curse of the Black Pearl
Recommended Readings
Dienes, Z. (2016). How Bayes factors change scientific practice. Journal of Mathematical Psychology, 72, 78-89.
Jarosz, A. F., & Wiley, J. (2014). What are the odds? A practical guide to computing and reporting Bayes factors. The Journal of Problem Solving, 7(1), 2.
Kass, R. E., & Raftery, A. E. (1995). Bayes factors. Journal of the American Statistical Association, 90(430), 773-795.
Mulder, J., & Wagenmakers, E. J. (2016). Editors’ introduction to the special issue “Bayes factors for testing hypotheses in psychological research: Practical relevance and new developments”. Journal of Mathematical Psychology, 72, 1-5.
Schmalz, X., Biurrun Manresa, J., & Zhang, L. (2023). What is a Bayes factor?. Psychological Methods, 28(3), 705.