Rory Sutherland’s commencement speech [youtube https://www.youtube.com/watch?v=LiLMeQmPh_8?rel=0]

“ Furious activity is no substitute for understanding.” - Williams, H.H

MCMC brilliantly explained by Iain Murray : Markov Chain Monte Carlo

[youtube https://www.youtube.com/watch?v=p40Kpmu60YM?rel=0]

[Firstly, something about the puppies on the cover pages. The happy puppies are named Prior, Likelihood, and Posterior. Notice that the Posterior puppy has half-up ears, a compromise between the perky ears of the Prior puppy and the floppy ears of the Likelihood puppy. The puppy on the back cover is named Evidence. MCMC methods make it unnecessary to explicitly compute the evidence, so that puppy gets sleepy with nothing much to do.