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  • Search: subject:"binomial sampling distribution"
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PM method 1 beta prior distribution 1 binomial sampling distribution 1 elicitation 1 imaginary results 1
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Gavasakar, Umesh 1
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A Comparison of Two Elicitation Methods for a Prior Distribution for a Binomial Parameter
Gavasakar, Umesh - In: Management Science 34 (1988) 6, pp. 784-790
This paper compares two methods of elicitation for the hyperparameters of the conjugate beta distribution for a binomial sampling model. The PM (posterior mode) method of Chaloner and Duncan appears to be more sensitive to elicitation errors than does a new method proposed here. This new method...
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