"Not Only Defended But Also Applied" : The Perceived Absurdity of Bayesian Inference
AbstractThe missionary zeal of many Bayesians of old has been matched, in the other direction, by an attitude among some theoreticians that Bayesian methods were absurd—not merely misguided but obviously wrong in principle. We consider several examples, beginning with Feller's classic text on probability theory and continuing with more recent cases such as the perceived Bayesian nature of the so-called doomsday argument. We analyze in this note the intellectual background behind various misconceptions about Bayesian statistics, without aiming at a complete historical coverage of the reasons for this dismissal.
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Bibliographic InfoPaper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/11069.
Date of creation: 2013
Date of revision:
Publication status: Published in American Statistician, 2013, Vol. 67, no. 1. pp. 1-5.Length: 4 pages
Laplace law of succession; Frequentist; Foundations; Doomsdsay argument;
Find related papers by JEL classification:
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
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Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order
79844, Verein für Socialpolitik / German Economic Association.
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