Statistical model selection criteria and bayesianism

Two Bayesian approaches to choosing between statistical models are contrasted. One of these is an approach which Bayesian statisticians regularly use for motivating the use of AIC, BIC, and other similar model selection criteria, and the other one is a new approach which has recently been proposed by Bandyopadhayay, Boik, and Basu. The latter approach is criticized, and the basic ideas of the former approach are presented in a way that makes them accessible to a philosophical audience. It is also pointed out that the former approach establishes a new, philosophically interesting connection between the notions of simplicity and informativeness
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DOI 10.1086/392904
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