Oscar_Cunningham comments on Open Thread: July 2010 - Less Wrong
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Bayescraft is just a synonym for Rationallity, with connotations of a) Bayes theorem, since that's what epistemic rationallity must be based on, and b) the notion that rationallity is a skill which must be developed personally and as a group (see also: Martial art of Rationallity (oh look, more capitals!))
The capitals are just for emphasis of concepts that the writer thinks are fundamentally important.