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Sam Nolan
Published
Edited
Oct 6, 2022
Importers
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# Bayesian Updating with Conjugate Priors
Below is a collection of functions that can be used for Bayesian updating. I use these in my GiveWell CEAs.
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poisson_gamma_bayes_update = (prior, observations) => ({shape: prior.shape + sum(observations), scale: 1 / (1 / prior.scale + observations.length)})
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