IDEAS home Printed from https://ideas.repec.org/a/adr/anecst/y2007i86p47-53.html
   My bibliography  Save this article

Comment on 'Making Decisions in Large Worlds' by Ken Binmore

Author

Listed:
  • Fabrice Le Lec
  • Alain Leroux

Abstract

In this article, KEN BINMORE [2007] questions the relevance and robustness of bayesianism in game theory, and more generally in economics. He does not intend to cast doubts on the consistency of bayesian decision in some environments but rather challenges the idea that such a methodology could lay the ground for a general foundation of game theory. In other words, he contests the idea that bayesianism could be an appropriate answer to all kinds of decision issues. The remainder of this comment is structured as follows: first, section 2. we will recall briefly the author's argumentation; secondly. we will point out to some ambiguities in the critiques made by BINMORE (section 3), to eventually show that BINMORE being right on bayesianism might lead to a more radical, but not illegitimate, questioning of rationality in general.

Suggested Citation

  • Fabrice Le Lec & Alain Leroux, 2007. "Comment on 'Making Decisions in Large Worlds' by Ken Binmore," Annals of Economics and Statistics, GENES, issue 86, pages 47-53.
    • Handle: RePEc:adr:anecst:y:2007:i:86:p:47-53
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/20079194
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:2007:i:86:p:47-53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Secretariat General or Laurent Linnemer (email available below). General contact details of provider: https://edirc.repec.org/data/ensaefr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.