Kociecki, Andrzej (2011): Some Remarks on Consistency and Strong Inconsistency of Bayesian Inference.

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Abstract
The paper provides new sufficient conditions for consistent and coherent Bayesian inference when a model is invariant under some group of transformations. Building on our theoretical results we reexamine an example from Stone (1976) giving some new insights. The priors for multivariate normal models and Structural Vector AutoRegression models that entail consistent and coherent Bayesian inference are also discussed.
Item Type:  MPRA Paper 

Original Title:  Some Remarks on Consistency and Strong Inconsistency of Bayesian Inference 
Language:  English 
Keywords:  invariant models; coherence; strong inconsistency; groups 
Subjects:  C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C11  Bayesian Analysis: General 
Item ID:  28731 
Depositing User:  Andrzej Kociecki 
Date Deposited:  13 Feb 2011 19:14 
Last Modified:  21 Oct 2019 14:30 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/28731 