On the implicit uniform BIC prior

I show how to find the uniform prior implicit in using the Bayesian Information Criterion to consider a hypothesis about a single normally distributed parameter. The ratio of the width of the implicit prior to the standard deviation of the parameter estimate is √2πn for large samples.

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Year of publication:	2014-04-04
Authors:	Startz, Richard
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 34.2014, 2, p. 766-771
Publisher:	AccessEcon
Subject:	Bayesian Information Criterion \| BIC \| priors

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Extent:	application/pdf
Type of publication:	Article
Classification:	C1 - Econometric and Statistical Methods: General ; C4 - Econometric and Statistical Methods: Special Topics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010757314