A good nutshell description of the type of Bayesianism that many LWers think correct is objective Bayesianism with critical rationalism-like underpinnings. Where recursive justification hits bottom is particularly relevant. On my cursory skim, Albert only seems to be addressing "subjective" Bayesianism which allows for any choice of prior.
It seems to think the problem of the priors does in Bayesianism :-(
Popper seems outdated. Rejecting induction completely is not very realistic.
It is a theorem that every consistent consequentialist decision rule is either a Bayesian decision rule or a limit of Bayesian decision rules.
I've actually been meaning to find a paper that proves that myself. There's apparently a proof in Mathematical Statistics, Volume 1: Basic and Selected Topics by Peter Bickel and Kjell Doksum.
Consequentialism is not in the index.
Decision rule is, a little bit.
I don't think this book contains a proof mentioning consequentialism. Do you disagree? Give a page or section?
It looks like what they are doing is defining a decision rule in a special way. So, by definition, it has to be a mathematical thing to do with probability. Then after that, I'm sure it's rather easy to prove that you should use bayes' theorem rather than some other math.
But none of that is about decisions rules in the sense of methods human beings use for making decisions. It's just if you define them in a particular way -- so that Bayes' is basically the only option -- then you can prove it.
see e.g. page 19 where they give a definition. A Popperian approach to making decisions simply wouldn't fit within the scope of their definition, so the conclusion of any proof like you claimed existed (which i haven't found in this book) would not apply to Popperian ideas.
Maybe there is a lesson here about believing stuff is proven when you haven't seen the proof, listening to hearsay about what books contain, and trying to apply proofs you aren't familiar with (they often have limits on scope).
In what way would the Popperian approach fail to fit the decision rule approach on page 19 of Bickel and Doksum?
I have just rediscovered an article by Max Albert on my hard drive which I never got around to reading that might interest others on Less Wrong. You can find the article here. It is an argument against Bayesianism and for Critical Rationalism (of Karl Popper fame).
Abstract:
Any thoughts?