What
a.k.a: principle of sufficient reason
It states that
In the absence of any relevant evidence, agents should distribute their credence (or “degrees of belief”) equally among all the possible outcomes under consideration
It basically means: If no relevant information -> assigning equal probability to all possible outcomes.
In Bayesian statistics, it gives the simplest non-informative prior
In frequentist statistics, it is meaningless.Link to original
- : the prior probability - the prior knowledge (the estimate probability) of the hypothesis before any more evidence.
- because in frequentist statistics, probabilities are relative frequencies rather than degrees of belief in uncertain propositions.