Category Archives: Statistics and Probability

Holey Models: A Final Response to Matheus Grasselli

Matheus Grasselli has responded to some of my previous posts (in the comments on this post) and some comments I made on the Facebook Young INET page. His points were as I thought they would be — indeed, I have … Continue reading

Posted in Economic Theory, Philosophy, Statistics and Probability | 3 Comments

Bayesianism and Non-Ergodicity in Economics

The atomic hypothesis which has worked so splendidly in Physics breaks down in Psychics. We are faced at every turn with the problems of Organic Unity, of Discreteness, of Discontinuity – the whole is not equal to the sum of … Continue reading

Posted in Statistics and Probability | 5 Comments

The Bayesian Cult: Threatening Those Who Refuse to Fall Into Line

I thought it might be worthwhile to follow up my previous posts on probabilities with one in which I first of all clarify one or two points and second of all show why certain people are attracted to Bayesian statistics. … Continue reading

Posted in Statistics and Probability | Leave a comment

A Response to Matheus Grasselli on Probability and Law

Matheus Grasselli has responded once more to one of my posts. The unfortunate part is that he has dragged some other poor souls into the quagmire of misunderstanding and poor reading. I suppose its now on me — having brought … Continue reading

Posted in Statistics and Probability | 13 Comments

Probabilities: Keynesian Legal Versus Bayesian Mathematical

Lars Syll has (once again) directed me to a fascinating piece, this time by John Kay. Kay starts the piece by noting that in a recent legal case in Britain the judge was asked to define the term “beyond reasonable … Continue reading

Posted in Economic Theory, Statistics and Probability | 2 Comments