Cyan comments on Are calibration and rational decisions mutually exclusive? (Part one) - Less Wrong
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Comments (19)
No, this is more-or-less what I meant. I equivocate on "exact," because I regard the Bayesian answer as exactly what one actually wants, and perfect frequentist validity as a secondary consideration. To provide the example you requested, I'll have to go searching for one of the papers that set off this line of thought -- the bloody thing's not online, so it might take a while.