Journal of Economic Perspectives: Vol. 2 No. 1 (Winter 1988)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

Comment on Poirier: Dogma or Doubt?

Article Citation

Pagan, Adrian. 1988. "Comment on Poirier: Dogma or Doubt?" Journal of Economic Perspectives, 2(1): 153-158.

DOI: 10.1257/jep.2.1.153


[This paper responds to "Frequentist and Subjectivist Perspectives on the Problems of Model Building in Economics," by Dale J. Poirier, in this same issue.] Poirier appeals to the latent statistician that he hopes is lurking behind every economist. Like a good fundamentalist preacher he demands, "Do you believe in the Likelihood Principle?" As with most doctrines, we give it a quick glance and reply, "Amen, brother." From there on we are trapped and led inexorably, via the creed of the likelihood principle (LP), to the one true religion of Bayesianism. Before I begin my critique, let me compliment the preacher on his sermon. I doubt if one could find a more engaging, beguiling, or coherent account of the strengths of following the Bayesian methodology. Next I provide a personal testimony concerning what bothers me about the dogmas of the recommended religion.

Article Full-Text Access

Full-text Article (Complimentary)


Pagan, Adrian (Unlisted)

JEL Classifications

212: Construction, Analysis, and Use of Econometric Models
211: Bayesian Statistics and Bayesian Econometrics


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us