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Persistent link: https://www.econbiz.de/10009358115
Standard assumptions incorporated into Bayesian model selection procedures result in procedures that are not competitive with commonly used penalized likelihood methods. We propose modifications of these methods by imposing nonlocal prior densities on model parameters. We show that the resulting...
Persistent link: https://www.econbiz.de/10010971092
Persistent link: https://www.econbiz.de/10004982695