Followers of today's two main traditions of statistical inference are known as frequentist and Bayesian. Ronald Fisher attempted during the 1930s to develop a third school called fiducial inference (1), but this was broadly considered controversial and do not play a major role today. The fundamental difference between frequentists and Bayesians is that they define probability in different ways. For a frequentist, a probability is an objective measure, a long-run relative frequency. For example, a fair coin has probability 0.5 of heads because, across a very large number of comparable tosses, half are heads, and a drug lowering blood pressure has an objectively measurable average effect among the patients taking the drug. The central limit theorem, which states that as the sample size increases, the distribution of sample means tends to approximate a normal distribution, is essential in frequentist inference. A Bayesian, on the other hand, sees probability as a subjective measure, a...