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The Bayesian Approach: Irreconcilable with Expected Utility Theory?

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Part of the book series: Theory and Decision Library ((TDLB,volume 9))

Abstract

Classical methods for testing a null stochastic hypothesis against its alternative(s) are “black and white.” On the basis of the evidence of the next single sample’s critical test statistic, the researcher, Gloria, is formally obliged to either decisively accept or reject the null. Informally, Gloria admits that the next experiment rarely is decisive, that she often continues to harbor doubts about whether the null is true: informally that next experiment’s evidence plays the more humble role of providing tentative confirmation or disconfirmation of the null.

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© 1988 D. Reidel Publishing Company, Dordrecht, Holland

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Pope, R.E. (1988). The Bayesian Approach: Irreconcilable with Expected Utility Theory?. In: Munier, B.R. (eds) Risk, Decision and Rationality. Theory and Decision Library, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-4019-2_15

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  • DOI: https://doi.org/10.1007/978-94-009-4019-2_15

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-8283-9

  • Online ISBN: 978-94-009-4019-2

  • eBook Packages: Springer Book Archive

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