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2024 | OriginalPaper | Chapter

Extending Jaynes: How Scientific and Economic Claims are Judged

Author : William M. Briggs

Published in: Applications of Optimal Transport to Economics and Related Topics

Publisher: Springer Nature Switzerland

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Abstract

ET Jaynes work on probability theory, which he subtitled the logic of science, should be much better known. We cast some light on a small segment of his work, demonstrating how logical probability can be used to analyze people judge scientific and economic pronouncements and claims of cause. This has important consequences in economics, and any area in which people are asked to believe a cause has been discovered or verified in science, especially when they are asked to act on the discovery.

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Literature
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Jaynes, E.T.: Probability Theory: The Logic of Science. Cambridge University Press, Cambridge (2003)
2.
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Briggs, W.M.: Bayesian Inference and Maximum Entropy Methods. In: Knuth, K.H., Caticha, A., Center, J.L., Giffin, A., Rodriguez, C.C. (eds.) Science and Engineering, pp. 101–108. American Institute of Physics, Melville, New York (2007)
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Jaynes, E.T.: Bayesian Inference and Maximum Entropy Methods. In: Knuth, K.H., Caticha, A., Center, J.L., Giffin, A., Rodriguez, C.C. (eds.) Science and Engineering, pp. 101–108. American Institute of Physics, Melville, New York (2007)
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Shen, E.Z., Perloff, J.M.: Journal of Econometrics 104(2), 289 (2001)
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Briggs, W.M.: Partial Identification in Econometrics and Related Topics. Springer (2024), p. forthcoming
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Metadata
Title
Extending Jaynes: How Scientific and Economic Claims are Judged
Author
William M. Briggs
Copyright Year
2024
Book
Applications of Optimal Transport to Economics and Related Topics

Print ISBN: 978-3-031-67769-4

Electronic ISBN: 978-3-031-67770-0

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-67770-0_2

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