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Let 0 denote the proportion of patients with ulcers who are cured using a newly developed drug, assuming a Bernoulli model holds. Suppose the

 

Let 0 denote the proportion of patients with ulcers who are cured using a newly developed drug, assuming a Bernoulli model holds. Suppose the value of 0 is unknown. Two researchers, Leonard and Sheldon, assign different prior distributions to 0: Leonard assigns 1(0)=1f0

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