developments in the field of information theory.
"How should we modify our beliefs in the light of additional
information? Do we cling to old assumptions long after they've become
untenable, or abandon them too readily at the first whisper of doubt?
Bayesian reasoning promises to bring our views gradually into line
with reality and so has become an invaluable tool for scientists of
all sorts and, indeed, for anyone who wants, putting it
grandiloquently, to sync up with the universe. If you are not thinking
like a Bayesian, perhaps you should be.
.. If you want to assess the strength of your hypothesis given the
evidence, you must also assess the strength of the evidence given your
hypothesis. .."
The counterfeit coin mathematics is explained here
http://cs.calstatela.edu/wiki/index.php/Bayes%27_theorem#Counterfeit_coin_example
Sarbajit
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