On not being rational.

Savage, I. Richard. "On not being rational.." Trabajos de Estadística e Investigación Operativa 31.1 (1980): 321-328. <http://eudml.org/doc/40830>.

@article{Savage1980,
abstract = {A Bayesian decision-theoretic approach appears to me as a sensible idealization of a guide to behaviour. At the same time i would like to understand why my behaviour is not always of this form: I sometimes use randomization and I sometimes find confidence intervals acceptable. Not all of my problems have an explicit cost function. Am I lazy or irrational? Do I use non-Bayesian conventions to help communicate? Is the cost of rationality-computation missing from the Bayesian model?},
author = {Savage, I. Richard},
journal = {Trabajos de Estadística e Investigación Operativa},
keywords = {Teoría de la decisión; Comportamiento; Estimación bayesiana no paramétrica; Aleatorización},
language = {eng},
number = {1},
pages = {321-328},
title = {On not being rational.},
url = {http://eudml.org/doc/40830},
volume = {31},
year = {1980},
}

TY - JOUR
AU - Savage, I. Richard
TI - On not being rational.
JO - Trabajos de Estadística e Investigación Operativa
PY - 1980
VL - 31
IS - 1
SP - 321
EP - 328
AB - A Bayesian decision-theoretic approach appears to me as a sensible idealization of a guide to behaviour. At the same time i would like to understand why my behaviour is not always of this form: I sometimes use randomization and I sometimes find confidence intervals acceptable. Not all of my problems have an explicit cost function. Am I lazy or irrational? Do I use non-Bayesian conventions to help communicate? Is the cost of rationality-computation missing from the Bayesian model?
LA - eng
KW - Teoría de la decisión; Comportamiento; Estimación bayesiana no paramétrica; Aleatorización
UR - http://eudml.org/doc/40830
ER -