Complex sentence: Stigler argues that Bayes intended his results in a more limited way than modern Bayesians; given Bayes's definition of probability, his result concerning the parameter of a binomial distribution makes sense only to the extent that one can bet on its observable consequences.
Split into simpler sentences: Stigler argues that Bayes intended his results in a more limited way than modern Bayesians. Given Bayes's definition of probability, his result concerning the parameter of a binomial distribution makes sense only to the extent that one can bet on its observable consequences.