See the rest of the quote. Also from Robin’s post:
Relative to the Bayesians that academic economic theorists typically assume populate the world, real academics over-react or under-react to evidence, as needed to show respect for impressive academic displays. This helps assure the customers of academia that by affiliating with the most respected academics, they are affiliating with very impressive minds.
These look more like classical statistics vs Bayesian statistics than anything status-related.
I haven’t seen any science run in Bayesian way, academic, commercial, or whatnot, and I have no idea how it would really look like, in spite of its theoretical appeal.
See the rest of the quote. Also from Robin’s post:
These look more like classical statistics vs Bayesian statistics than anything status-related.
I haven’t seen any science run in Bayesian way, academic, commercial, or whatnot, and I have no idea how it would really look like, in spite of its theoretical appeal.