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Persistent link: https://www.econbiz.de/10009318953
Persistent link: https://www.econbiz.de/10009318954
An elementary sketch of some issues in statistical inference and in particular of the central role of likelihood is …
Persistent link: https://www.econbiz.de/10009319256
Inability to clearly defend against the criticisms of frequentist methods has turned many a frequentist away from venturing into foundational battlegrounds. Conceding the distorted perspectives drawn from overly literal and radical expositions of what Fisher, Neyman, and Pearson ‘really...
Persistent link: https://www.econbiz.de/10010616163
The classical or frequentist approach to statistics (in which inference is centered on significance testing), is associated with a philosophy in which science is deductive and follows Popperis doctrine of falsification. In contrast, Bayesian inference is commonly associated with inductive...
Persistent link: https://www.econbiz.de/10009319255
observations, and the assumption of Bayesian rationality. Since no betting strategy is irrational, Bayesianism is useless as a …
Persistent link: https://www.econbiz.de/10010311263
observations, and the assumption of Bayesian rationality. Since no betting strategy is irrational, Bayesianism is useless as a …
Persistent link: https://www.econbiz.de/10010956859
Persistent link: https://www.econbiz.de/10009401910
If a group is modelled as a single Bayesian agent, what should its beliefs be? I propose an axiomatic model that connects group beliefs to beliefs of the group members. The group members may have different information, different prior beliefs and even different domains (algebras) within which...
Persistent link: https://www.econbiz.de/10010744918
This review article introduces and evaluates various ways to aggregate probabilistic opinions of different individuals. For each of these three ways, an axiomatic characterization result is presented (a new one in the case of multiplicative pooling). The three ways satisfy different axioms and...
Persistent link: https://www.econbiz.de/10011111553