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Bayesian statistics to test Bayes optimality.

Brandon M TurnerJames L McClellandJerome Busemeyer
Published in: The Behavioral and brain sciences (2019)
We agree with the authors that putting forward specific models and examining their agreement with experimental data are the best approach for understanding the nature of decision making. Although the authors only consider the likelihood function, prior, cost function, and decision rule (LPCD) framework, other choices are available. Bayesian statistics can be used to estimate essential parameters and assess the degree of optimality.
Keyphrases
  • decision making
  • electronic health record
  • big data
  • artificial intelligence