haku: @journal_id 1341 / yhteensä: 156
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| Tekijä: | McCulloch, R.E. Polson, N.G. Rossi, P.E. |
| Otsikko: | A Bayesian analysis of the multinational probit model with fully identified parameters |
| Lehti: | Journal of Econometrics
2000 : NOV, VOL. 99:1, p. 173-193 |
| Asiasana: | BAYESIAN STATISTICS PROBIT MODELS |
| Vapaa asiasana: | PRIORS |
| Kieli: | eng |
| Tiivistelmä: | The authors present a new prior and corresponding algorithm for Bayesian analysis of the multinominal probit model. Their new approach places a prior directly on the identified parameter space. The key is the spesification of a prior on the covariance matrix so that the (1,1) element is fixed at 1 and it is possible to draw from the posterior using standard distributions. Analytical results are derived which can be used to aid in assessment of the prior. |
SCIMA