Please explain the proper way to form priors, then. 50:50 is widely used, as is "0 for obviously wrong stuff". The author here suggested "something sufficiently close to 0", which to me is indistinguishable from the second one. Should an accused's guilt prior be based on the jury's own guilt, the number of crimes they've heard about recently, or the judge's conviction rate? Or maybe the accused's socio-economic class?
Bayes's rule doesn't help with the point that suggestive evidence is not convincing evidence. It just points out that prior beliefs are part of the equation, but will hopefully pale in comparison to actual data. In fact, I was taught to set practically useless hyperparameters to ensure that they do. No one does that outside of an experiment.
Let's say I believe (I don't) the height of pygmies is normally distributed, where the mean is also normally distributed with mean 130cm and standard deviation 10cm, and the standard deviation is inverse gamma distributed with shape 7cm and scale 1cm. Assuming the height is actually normally distributed with mean 160cm and sd 15cm (it isn't), how many pygmies must I measure to admit that P(height>160cm)>20%? I'm not sure I can even do the math.
Here P=50% for the unknowable accurate model and P=0.13% for the prior model. How does the situation change when my prior is "sufficiently close to 0"?