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What a wonderful opportunity to talk about experimental design and the subtleties of what overfitting means in a Bayesian context! A "I've been consulting all day and my brain is too tired to do real work" thread.
Overfitting and identifiability are intimately related concepts. When you have a complex model but only small data sets then there will be _many_ model configurations consistent with the little data that you observed.
If your inferences are quantified by a point estimate then you will have to choose a single point amongst the entire subset of model configurations that are similarly consistent with any given observation. Any choice of a single point, however, is unlikely to generalize well.
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