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sanity
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How I determine the probability that an unknown probability value is greater than others in a set?
The parameters will be integers, one of them might be quite low (1-5), the other might be in the thousands or even tens of thousands.
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How I determine the probability that an unknown probability value is greater than others in a set?
Hmmm, unfortunately typical values of alpha and beta in my application might be 1,000 and 1,000,000 respectively. I'm guessing this wouldn't work in that situation?
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How I determine the probability that an unknown probability value is greater than others in a set?
Shai, yes, you can assume they are independent.
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How I determine the probability that an unknown probability value is greater than others in a set?
Michael, yes - that is correct.
asked
How I determine the probability that an unknown probability value is greater than others in a set?
asked
Is it preferable to use a geometric mean with logarithmically distributed samples?
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What the the probability distribution of a mean?
Ok, but that doesn't really answer my question :-/
asked
What the the probability distribution of a mean?
awarded
 Student
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What is the optimal strategy for participants in this situation?
Maximizing profit per-phone is maximizing profit/time. Otherwise, I don't think you've answered the question.
asked
What is the optimal strategy for participants in this situation?
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