The growth of Bayesian methods in statistics and economics since 1970

Abstract

To measure the impact of Bayesian reasoning, this paper investigates the occurrence of two words, "Bayes" and "Bayesian," since 1970 in journal articles in a variety of disciplines, with a focus on economics and statistics. The growth in statistics is documented, but the growth in economics is largely confined to economic theory/mathematical economics rather than econometrics. © 2006 International Society for Bayesian Analysis.