The roles of inductive modelling and coherence in Bayesian statistics.
Tom Leonard (1980)
Trabajos de Estadística e Investigación Operativa
Similarity:
The role of the inductive modelling process (IMP) seems to be of practical importance in Bayesian statistics; it is recommended that the statistician should emphasize meaningful real-life considerations rather than more formal aspects such as the axioms of coherence. It is argued that whilst axiomatics provide some motivation for the Bayesian philosophy, the real strength of Bayesianism lies in its practical advantages and its plausible representation of real-life processes. A number...