The philosophical significance of Stein’s paradox

Original paper in Philosophy of Probability

DOI: 10.1007/s13194-016-0168-7

Cite this article as:
Vassend, O., Sober, E. & Fitelson, B. Euro Jnl Phil Sci (2017). doi:10.1007/s13194-016-0168-7

Abstract

Charles Stein discovered a paradox in 1955 that many statisticians think is of fundamental importance. Here we explore its philosophical implications. We outline the nature of Stein’s result and of subsequent work on shrinkage estimators; then we describe how these results are related to Bayesianism and to model selection criteria like AIC. We also discuss their bearing on scientific realism and instrumentalism. We argue that results concerning shrinkage estimators underwrite a surprising form of holistic pragmatism.

Keywords

Stein’s paradox Shrinkage estimators Bayesianism Frequentism Statistical decision theory 

Copyright information

© Springer Science+Business Media Dordrecht 2017

Authors and Affiliations

  1. 1.Philosophy DepartmentUniversity of WisconsinMadisonUSA
  2. 2.Philosophy DepartmentNortheastern UniversityBostonUSA