Inductive Inference and Replications: A Bayesian Perspective

Kalyan Raman

Journal of Consumer Research, 1994, vol. 20, issue 4, 633-43

Abstract: A probabilistic model is proposed to assess the value of replications. The corroboration of a theory is shown to be a function of the number of replications, the number of successful outcomes, and our initial beliefs. An adaptive control model provides the optimal policy for continuing replications, given the accumulated evidence for the theory, the precision deemed necessary, and the cost of replicating. Copyright 1994 by the University of Chicago.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jconrs:v:20:y:1994:i:4:p:633-43

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