University Libraries Promotion and Tenure Recognition

Sung Jae Jun Professor of Economics

Book Title: The Theory That Would Not Die

Author: Sharon Bertsch McGrayne

Selection Statement:

This is not a book about economics or econometrics. It is a story book for general audiences about Bayes’ rule. How to use Bayes’ rule for statistical inference is an extremely controversial topic, and I do not always agree with Bayesian econometricians. However, reading a history of the seemingly simple mathematical fact is just exciting. Its discovery, struggle and impact is absolutely worth reading; it is actually fun to read, also.


Year: 2021