"I don't understand how the waterfall concept he..."

https://arbital.com/p/8k9

by Katriel Friedman Jul 26 2017


I don't understand how the waterfall concept helps illustrate the "odds form": the amount of each type of water reaching the pool is still expressed as a probability rather than jointly being expressed as the likelihood ratio. The fact that these likelihoods don't matter -- only their ratio -- was the the critical conceptual blockage for me.