...updates can by miniscule ... Updating on the evidence doesn't need to move my credences by even a subjectively discernible amount. Nonetheless, I am obliged to acknowledge that the anecdote would move the credences of an ideal Bayesian agent by some nonzero amount.
So, let's talk about measurement and detection.
Presumably you don't calculate your believed probabilities to the n-th significant digit, so I don't understand the idea of a "miniscule" update. If it has no discernible consequences then as far as I am concerned it did not happen.
Let's take an example. I believe that my probability of being struck by lightning is very low to the extent that I don't worry about it and don't take any special precautions during thunderstorms. Here is an anecdote which relates how a guy was stuck by lightning while sitting in his office inside a building. You're saying I should update my beliefs, but what does it mean?
I have no numeric estimate of P(me being struck by lightning) so there's no number I can adjust by 0.0000001. I am not going to do anything differently. My estimate of my chances to be electrocuted by Zeus' bolt is still "very very low". So where is that "miniscule update" that you think I should make and how do I detect it?
P.S. If you want to update on each piece of evidence, surely by now you must fully believe that product X is certain to enlarge your penis?
David Chapman criticizes "pop Bayesianism" as just common-sense rationality dressed up as intimidating math[1]:
What does Bayes's formula have to teach us about how to do epistemology, beyond obvious things like "never be absolutely certain; update your credences when you see new evidence"?
I list below some of the specific things that I learned from Bayesianism. Some of these are examples of mistakes I'd made that Bayesianism corrected. Others are things that I just hadn't thought about explicitly before encountering Bayesianism, but which now seem important to me.
I'm interested in hearing what other people here would put on their own lists of things Bayesianism taught them. (Different people would make different lists, depending on how they had already thought about epistemology when they first encountered "pop Bayesianism".)
I'm interested especially in those lessons that you think followed more-or-less directly from taking Bayesianism seriously as a normative epistemology (plus maybe the idea of making decisions based on expected utility). The LW memeplex contains many other valuable lessons (e.g., avoid the mind-projection fallacy, be mindful of inferential gaps, the MW interpretation of QM has a lot going for it, decision theory should take into account "logical causation", etc.). However, these seem further afield or more speculative than what I think of as "bare-bones Bayesianism".
So, without further ado, here are some things that Bayesianism taught me.
What items would you put on your list?
ETA: ChrisHallquist's post Bayesianism for Humans lists other "directly applicable corollaries to Bayesianism".
[1] See also Yvain's reaction to David Chapman's criticisms.
[2] ETA: My wording here is potentially misleading. See this comment thread.