The Truth About Bayesian Priors and Overfitting

Have you ever thought about how strong a prior is compared to observed data? In order to alleviate this trouble I will take you through some simulation exercises. These are meant as a fruit for thought and not necessarily a recommendation. However, many of the considerations we will run through will be directly applicable to your everyday life of applying Bayesian methods to your specific domain. We will start out by creating some data generated from a known process.