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Why become Bayesian? The rational actor theorems that drove that in the '60's turn out not to apply if you use a class of priors instead of a single prior, and
by madhadron 9y ago
Why become Bayesian? The rational actor theorems that drove that in the '60's turn out not to apply if you use a class of priors instead of a single prior, and single priors are overspecific to capture belief in most cases.
Better to go all the way down to decision theory.
- Bromskloss 9y agoDo you have some fuller description of, or some links to, the work you are referring to? Also, would decision theory replace Bayesian inference? Would it not rather _use_ it?