Interview with Trevor Smart
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In this episode, Trevor and I discuss a case study to go through the step by step procedure of phase II. We also talk about the following points:
- What are decision rules?
- How can we use prior elicitation?
- What and how do you come to a prior distribution and what is a design prior?
- What role do relevant and non-relevant differences play here?
- Any recommended reading?
- What does the listener need to do differently to make sure, better decisions are made in phase II?
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The Effective Statistician - in association with PSI