## Bayesian propaganda?

Posted in Books, Kids, pictures, Statistics, University life with tags , , , , , , , , , on April 20, 2015 by xi'an

“The question is about frequentist approach. Bayesian is admissable [sic] only by wrong definition as it starts with the assumption that the prior is the correct pre-information. James-Stein beats OLS without assumptions. If there is an admissable [sic] frequentist estimator then it will correspond to a true objective prior.”

$\mathbb{E}[\beta|X,y] = (X^TX)^{-1} X^T\{2\text{diag}(y)-I_n\}\omega(X,y)$