Lopes, Hedibert F.; Tobias, Justin L. - In: Annual Review of Economics 3 (2011) 1, pp. 107-131
In this review we explore issues of the sensitivity of Bayes estimates to the prior and form of the likelihood. With respect to the prior, we argue that non-Bayesian analyses also incorporate prior information, illustrate that the Bayes posterior mean and the frequentist maximum likelihood...
