Statistical Inference as a Bargaining Game /

This paper extends the analogy, previously established by Learner (1978a), between a Bayesian inference problem and an economics allocation problem to show that posterior modes can be interpreted as optimal outcomes of a bargaining game. This bargaining game, over a parameter value, is played betwee...

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Príomhchruthaitheoir: Ley, Eduardo
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2002.
Sraith:IMF Working Papers; Working Paper ; No. 2002/081
Ábhair:
Rochtain ar líne:Full text available on IMF
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Achoimre:This paper extends the analogy, previously established by Learner (1978a), between a Bayesian inference problem and an economics allocation problem to show that posterior modes can be interpreted as optimal outcomes of a bargaining game. This bargaining game, over a parameter value, is played between two players: the researcher (with preferences represented by the prior) and the data (with preferences represented by the likelihood).
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Cur síos fisiciúil:1 online resource (13 pages)
Formáid:Mode of access: Internet
ISSN:1018-5941
Rochtain:Electronic access restricted to authorized BRAC University faculty, staff and students