Rationality and the Bayesian paradigm

Itzhak Gilboa

Journal of Economic Methodology, 2015, vol. 22, issue 3, 312-334

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.

Date: 2015
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DOI: 10.1080/1350178X.2015.1071505

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