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The Bayesian question:
We observe evidence (8 heads out of 10 flips) and want to know: how should this change our belief about whether the coin is biased?
Why not just conclude "it's biased"?
Getting 8 heads in 10 flips is unlikely but possible with a fair coin. Bayes' theorem helps us weigh the evidence against our prior knowledge (most coins are fair) to reach a reasoned conclusion.
You have a coin that might be biased. You flip it 10 times and get 8 heads. If the coin were biased, it would have P(heads) = 0.8. What is the probability the coin is actually biased?
Assume that before flipping, we believe there's a 10% chance any random coin is biased. This is our "prior" — our starting belief before seeing evidence.
The probability of getting exactly 8 heads in 10 flips follows the binomial distribution:
After observing 8 heads in 10 flips, the probability that the coin is biased increased from 10% to approximately 43.3%.
Even though 8/10 heads seems like strong evidence for a biased coin, we're still more likely to have a fair coin (56.7% vs 43.3%)! This is because: