Kociecki, Andrzej (2011): Some Remarks on Consistency and Strong Inconsistency of Bayesian Inference.
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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|
|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|
|Depositing User:||Andrzej Kociecki|
|Date Deposited:||13. Feb 2011 19:14|
|Last Modified:||21. Feb 2013 05:07|
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