Rationality and the Bayesian Paradigm: An Integrative Note

Itzhak Gilboa

No 275826, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

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.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 35
Date: 2014-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275826

DOI: 10.22004/ag.econ.275826

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