... Archives . ... Quote] When all the models are wrong . ... I must say that I do not know Bayesian methods to cope with model misspecification, tests with an unknown true model, or tests for non-nested hypotheses except Bayes factor (concerns a lot how to choose priors). Nonetheless, the zeal among economists to test non-nested models might assist astronomers to move forward beyond testing nested hypotheses with F statistic. ... Model Specification Tests Against Non-Nested Alternatives, Queens? ...