Seeing through the mist - consequences of decisions in phase II

Interview with Trevor Smart

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In this episode, Trevor and I discuss a case study to go through the step by step procedure of phase II. We also talk about the following points:

• What are decision rules?
• How can we use prior elicitation?
• What and how do you come to a prior distribution and what is a design prior?
• What role do relevant and non-relevant differences play here?
• Any recommended reading?
• What does the listener need to do differently to make sure, better decisions are made in phase II?

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