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update to make sentence clearer
Co-authored-by: Humphrey Yang <[email protected]>
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lectures/mix_model.md

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@@ -60,7 +60,7 @@ However, in the setting of this lecture, that rule imputes to the agent an incor
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The reason is that now the wage sequence is actually described by a different statistical model.
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Thus, we change the {doc}`quantecon lecture <likelihood_bayes>` specification in the following way.
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Thus, we change the specification in {doc}`likelihood_bayes` in the following way.
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Now, **each period** $t \geq 0$, nature flips a possibly unfair coin that comes up $f$ with probability $\alpha$
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and $g$ with probability $1 -\alpha$.

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