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Bayes Factors

Abstract In a 1935 paper and in his book Theory of Probability, Jeffreys developed a methodology for quantifying the evidence in favor of a scientific theory. The centerpiece wa...

1995 Journal of the American Statistical A... 11631 citations

The Problem of Social Cost

This paper is concerned with those actions of business firms which have harmful effects on others. The standard example is that of a factory the smoke from which has harmful eff...

2004 10785 citations