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Abstract For many decades, statisticians have made attempts to prepare the Bayesian omelette without breaking the Bayesian eggs; that is, to obtain probabilistic likelihood-based inferences without relying on informative prior distributions. A recent example is Murray Aitkin´s recent book,...
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This article motivates and discusses JosE Bernardo's attempt to reconcile the subjective Bayesian framework with a need for objective scientific inference, leading to a special kind of objective Bayesianism, namely reference Bayesianism. We elucidate principal ideas and foundational implications...
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In this paper, I discuss the difference between accommodated evidence (i.e. when evidence is known first and a … hypothesis is the proposed to explain and fit the observations) and predicted evidence (i.e., when evidence verifies the … prediction of a hypothesis formulated before observing the evidence) from a behavioral as well as a statistical perspective …
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In this essay, I argue about the relevance and the ultimate unity of the Bayesian approach in a neutral and agnostic manner. My main theme is that Bayesian data analysis is an effective tool for handling complex models, as proven by the increasing proportion of Bayesian studies in the applied...
Persistent link: https://www.econbiz.de/10008683492
This introduction to Bayesian statistics presents the main concepts as well as the principal reasons advocated in favour of a Bayesian modelling. We cover the various approaches to prior determination as well as the basis asymptotic arguments in favour of using Bayes estimators. The testing...
Persistent link: https://www.econbiz.de/10010708281
The problem of omitted variables is commonly viewed as a statistical misspecification issue which renders the inference concerning the influence of X t on yt unreliable, due to the exclusion of certain relevant factors W t . That is, omitting certain potentially important factors W t may...
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