Rationality and the Bayesian paradigm

Itzhak Gilboa

doi:https://doi.org/10.1080/1350178X.2015.1071505

Rationality and the Bayesian paradigm

Itzhak Gilboa

School of Economics

Tel Aviv University

Research output: Contribution to journal › Article › peer-review

Abstract

It is argued that, contrary to a rather prevalent view within economic theory, rationality does not imply Bayesianism. The note begins by defining these terms and justifying the choice of these definitions, proceeds to survey the main justification for this prevalent view, and concludes by highlighting its weaknesses.

Original language	English
Pages (from-to)	312-334
Number of pages	23
Journal	Journal of Economic Methodology
Volume	22
Issue number	3
DOIs	https://doi.org/10.1080/1350178X.2015.1071505
State	Published - 3 Jul 2015

Keywords

probability
rationality
reasoning

All Science Journal Classification (ASJC) codes

Economics, Econometrics and Finance (miscellaneous)

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Rationality and the Bayesian paradigm

Abstract

Keywords

All Science Journal Classification (ASJC) codes

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