Those are real-world explanations for why the method might work, which helps reinforce the method in practice. But the mathematics work out in situations where everyone is a rational Bayesian expert, with access to different types of private information.
Those are real-world explanations for why the method might work, which helps reinforce the method in practice. But the mathematics work out in situations where everyone is a rational Bayesian expert, with access to different types of private information.