Invited talk
in
Workshop: Imperfect Decision Makers: Admitting Real-World Rationality

Rationality and the Bayesian Paradigm

Itzhak Gilboa

2016 Invited talk
in
Workshop: Imperfect Decision Makers: Admitting Real-World Rationality

Abstract

It is argued that, contrary to a rather prevalent view within economic theory, rationality does not imply Bayesianism. The note begins by defining these terms and justifying the choice of these definitions, proceeds to survey the main justification for this prevalent view, and concludes by highlighting its weaknesses.

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