James Bach, your point and EY’s are not incompatible : it is a given that what you care about and give importance to is subjective and irrational, however having chosen what outcomes you care about, your best road to achieving them must be Bayesian.… perhaps.
My problem with this whole Bayesian kick is that it reminds me of putting three masts and a full set of square-rigged sails on what is basically a canoe : the masts and sails are the Bayesian edifice, the canoe is our useful knowledge in any given real life situation.
James Bach, your point and EY’s are not incompatible : it is a given that what you care about and give importance to is subjective and irrational, however having chosen what outcomes you care about, your best road to achieving them must be Bayesian.… perhaps. My problem with this whole Bayesian kick is that it reminds me of putting three masts and a full set of square-rigged sails on what is basically a canoe : the masts and sails are the Bayesian edifice, the canoe is our useful knowledge in any given real life situation.