The FDA's Bayesian Guidance: Learning in Theory, Pre-Specification in Practice
The FDA just gave us 25 pages on Bayesian inference in pivotal trials. The philosophical message is clear: Bayesian methods are welcome. Informative priors, borrowing from external data, direct interpretation of posterior probabilities—all explicitly endorsed. The operational message is different: pre-specify everything. Bayesian methods promise learning. Regulators demand commitment.