Sondre Glimsdal wants to estimate (pi), the proportion of (G o^{1}) games won by white. His prior
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Sondre Glimsdal wants to estimate \(\pi\), the proportion of \(G o^{1}\) games won by white. His prior is \(\pi \sim \beta_{(7,7)}\). Sondre updates his estimate by observing new games. Find the \(80 \%\) symmetric credible interval for \(\pi\) after each update.
(a) 1st observation: white wins 13 and black wins 7 .
(b) 2nd observation: white wins 11 and black wins 9.
(c) How many new games does he need to observe to ensure that the width of \(I_{0.2}^{\pi}\) is less than 0.05 ?
(d) 3rd observation: white wins 348 and black wins 255 .
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Related Book For
The Bayesian Way Introductory Statistics For Economists And Engineers
ISBN: 9781119246879
1st Edition
Authors: Svein Olav Nyberg
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