Cyan comments on Case study: abuse of frequentist statistics - Less Wrong

25 Post author: Cyan 21 February 2010 06:35AM

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Comment author: jake987722 23 February 2010 07:13:36PM 1 point [-]

Okay, but is it a part of the typical Bayesian routine to wield formal decision theory, or do we just calculate P(H|E) and call it a day?

Comment author: Cyan 23 February 2010 07:19:37PM 2 points [-]

I don't think formal decision theory is common in applied Bayesian stats in science; the only paper I can quickly recall that did a decision analysis is Andrew Gelman's radon remediation study. Maybe econometrics is different, since it's a lot easier to define losses in that context.