Bayesian full information structural analysis : With an application to the study of the Belgian beef market. Lecture notes in operations research and mathematical systems ; 43

Morales, Juan-Antonio:

ISBN 10: 3540054170 / ISBN 13: 9783540054177

Published by Berlin ; Heidelberg ; New York : Springer, 1971

About this Item

154 Seiten Das hier angebotene Buch stammt aus einer teilaufgelösten wissenschaftlichen Bibliothek und trägt die entsprechenden Kennzeichnungen (Rückenschild, Instituts-Stempel.); leichte altersbedingte Anbräunung des Papiers; der Buchzustand ist ansonsten ordentlich und dem Alter entsprechend gut. In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 320.

Seller Inventory # 1706301

Bibliographic Details

• Title: Bayesian full information structural analysis : With an application to the study of the Belgian beef market. Lecture notes in operations research and mathematical systems ; 43
• Publisher: Berlin ; Heidelberg ; New York : Springer
• Publication Date: 1971
• Language: English
• ISBN 10: 3540054170
• ISBN 13: 9783540054177
• Binding: Broschiert
• Condition: Gut
• Weight: 320 grams
• Seller catalogs:
  • 200 Mathematik

About this title

Synopsis

1 1. Statement of the problem. Bayes' theorem provides a very powerful tool for statistical inference, especially when pooling information from different sources is appropriate. Thus, prior information resulting from economic theory and/or from previous (real or hypothetical) samples can be combined with the information embodied in new observations; and this operation can be performed formally, within a rigorous mathematical framework. To introduce the Bayesian analysis of the simultaneous equations model, we shall base our presentation in the very convenient exposition given by Dreze in his presidential adress to the . S' 2 C f Second World ongress 0 the Econometr1c oC1ety. The Bayesian method in statistics is usually presented as follows Consider the joint probability density function f(x.e) defined on the product space X x9, where X = {x} denotes the sample space, and e = {e} denotes the parameter space, If we decompose the joint density f(x,e) in a conditional density f(x/e) and a marginal lThe beginning of this section reviews some very well known proposi­ tions of Bayesian analysis. Those who are familiar with the subject can skip this part, and start with p.5. 2J.H.Dreze. "Econometrics and Decision Theory". Presidential adress delivered at the Second World Congress of the Econometric Society.