Your business studies lecturer has devoted the past ten weeks to teaching you the Bayesian approach and is now asking that you offer a critique of it. What key criticism could you raise?
A. The reliance on a prior probability is overly objective and therefore not open to a researcher’s degrees of freedom.
B. The reliance on a prior probability is overly subjective and therefore can be open to a researcher’s degrees of freedom.
C. The lack of reliance on a null hypothesis is overly objective and therefore open to a researcher’s degrees of freedom.
D. The lack of reliance on a prior probability is overly subjective and therefore can be open to a researcher’s degrees of freedom.
Answer: B
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