A possibility-theoretic solution to Basu's Bayesian--frequentist via media
Abstract
Basu's via media is what he referred to as the middle road between the Bayesian and frequentist poles. He seemed skeptical that a suitable via media could be found, but I disagree. My basic claim is that the likelihood alone can't reliably support probabilistic inference, and I justify this by considering a technical trap that Basu stepped in concerning interpretation of the likelihood. While reliable probabilistic inference is out of reach, it turns out that reliable possibilistic inference is not. I lay out my proposed possibility-theoretic solution to Basu's via media and I investigate how the flexibility afforded by my imprecise-probabilistic solution can be leveraged to achieve the likelihood principle (or something close to it).
Cite
@article{arxiv.2303.17425,
title = {A possibility-theoretic solution to Basu's Bayesian--frequentist via media},
author = {Ryan Martin},
journal= {arXiv preprint arXiv:2303.17425},
year = {2025}
}
Comments
Comments welcome at https://researchers.one/articles/23.03.00009