Rationality and the Bayesian Paradigm: An Integrative Note

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.


Issue Date:
2014-01
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/275826
Language:
English
Total Pages:
35




 Record created 2018-08-10, last modified 2020-10-28

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