Concept tag
#bertrand-paradox
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Not every coherent prior is rational: subjective Bayesianism is far too permissive
The subjective Bayesian line, roughly de Finetti's, is that any coherent prior is permissible and evidence does the rest. Start where you like, conditionalise honestly, and the data will eventually bring reasonable people together. I think this is too generous, for three…
Started by Derek Hollis5 replies