Bayes Theorem
Books
What does Bayes Theorem do?
It helps us to update a hypothesis based on new evidence.
Terms
- Base Rate Fallacy (Base Rate Neglect): If presented with related base rate information (i.e., general information on prevalence) and specific information (i.e., information pertaining only to a specific case), people tend to ignore the base rate in favor of the individuating information, rather than correctly integrating the two.
