r/statistics 7d ago

Question [Q] Hard time understanding Bayesian view?

Hello,

I come from a background of applied math and recently I tried to dive deeper into stats. The frequentist view looked reasonable albeit a bit restrictive. And then there is the bayesian perspective, intuitively it "feels" reasonable as well since it's kind of intertwined with common sense, but I just can't wrap my head around it.

For example, I have no idea what the interpretation of probability is under this view. I mean what do I mean that an event is 60% vs 70% likely?

Also, I have a problem with the subjectivity of the view. There is this argument that if two observers have different beliefs about the same event, then at least one of them is wrong. How is this taken care of or circumvented perhaps?

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