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Is everyone Bayes? On the testable implications of Bayesian Fundamentalism
Published online by Cambridge University Press: 25 August 2011
Abstract
A central claim of Jones & Love's (J&L's) article is that Bayesian Fundamentalism is empirically unconstrained. Unless constraints are placed on prior beliefs, likelihood, and utility functions, all behaviour – it is proposed – is consistent with Bayesian rationality. Although such claims are commonplace, their basis is rarely justified. We fill this gap by sketching a proof, and we discuss possible solutions that would make Bayesian approaches empirically interesting.
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- Copyright © Cambridge University Press 2011
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Is everyone Bayes? On the testable implications of Bayesian Fundamentalism
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