kahneman

The Process of Faith and Rational Imperfect Bayesian Analysis

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I’ve previously written that Faith Without Certainty is OK, but in practice, many Christians act with certainty. Is there some contradiction here? This post argues against any contradiction. I distinguish between practical certainty and unqualified certainty, I show that all optimal and rational action is subject to constrained analysis, and I argue that applying a … Read more

Ed Stringham and the Information Puzzle

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I recently began writing about my interest in The Preference Elasticity of Demand. This article argues that the Austrian School of Economics is a logical theoretical home for the theory of preference elasticity. I also discuss an objection the preference elasticity called the information puzzle. Ed Stringham is an Austrian economist and author of Private … Read more