This article motivates and discusses JosE Bernardo's attempt to reconcile the subjective Bayesian framework with a need for objective scientific inference, leading to a special kind of objective Bayesianism, namely reference Bayesianism. We elucidate principal ideas and foundational implications...

We develop a general framework for analyzing the usefulness of imposing parameter restrictions on a forecasting model. We propose a measure of the usefulness of the restrictions that depends on the forecaster's loss function and that could be time varying. We show how to conduct inference about...

We develop a general framework for analyzing the usefulness of imposing parameter restrictions on a forecasting model. We propose a measure of the usefulness of the restrictions that depends on the forecaster's loss function and that could be time varying. We show how to conduct inference about...