Artikel
Subjectivity in inductive inference
This paper examines circumstances under which subjectivity enhances the effectiveness of inductive reasoning. We consider agents facing a data generating process who are characterized by inference rules that may be purely objective (or data-based) or may incorporate subjective considerations. The basic intuition is that agents who invoke no subjective considerations are doomed to "overfit" the data and therefore engage in ineffective learning. The analysis places no computational or memory limitations on the agents|the role for subjectivity emerges in the presence of unlimited reasoning powers.
- Language
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Englisch
- Bibliographic citation
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 7 ; Year: 2012 ; Issue: 2 ; Pages: 183-215 ; New Haven, CT: The Econometric Society
- Classification
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Wirtschaft
- Subject
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Inductive inference
simplicity
prediction
learning
- Event
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Geistige Schöpfung
- (who)
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Samuelson, Larry
Gilboa, Itzhak
- Event
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Veröffentlichung
- (who)
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The Econometric Society
- (where)
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New Haven, CT
- (when)
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2012
- DOI
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doi:10.3982/TE845
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Samuelson, Larry
- Gilboa, Itzhak
- The Econometric Society
Time of origin
- 2012
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