Introduction to Bayesian Econometrics

Business & Finance, Economics, Econometrics, Nonfiction, Science & Nature, Mathematics
Cover of the book Introduction to Bayesian Econometrics by Edward Greenberg, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Edward Greenberg ISBN: 9781139793865
Publisher: Cambridge University Press Publication: November 12, 2012
Imprint: Cambridge University Press Language: English
Author: Edward Greenberg
ISBN: 9781139793865
Publisher: Cambridge University Press
Publication: November 12, 2012
Imprint: Cambridge University Press
Language: English

This textbook explains the basic ideas of subjective probability and shows how subjective probabilities must obey the usual rules of probability to ensure coherency. It defines the likelihood function, prior distributions and posterior distributions. It explains how posterior distributions are the basis for inference and explores their basic properties. Various methods of specifying prior distributions are considered, with special emphasis on subject-matter considerations and exchange ability. The regression model is examined to show how analytical methods may fail in the derivation of marginal posterior distributions. The remainder of the book is concerned with applications of the theory to important models that are used in economics, political science, biostatistics and other applied fields. New to the second edition is a chapter on semiparametric regression and new sections on the ordinal probit, item response, factor analysis, ARCH-GARCH and stochastic volatility models. The new edition also emphasizes the R programming language.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This textbook explains the basic ideas of subjective probability and shows how subjective probabilities must obey the usual rules of probability to ensure coherency. It defines the likelihood function, prior distributions and posterior distributions. It explains how posterior distributions are the basis for inference and explores their basic properties. Various methods of specifying prior distributions are considered, with special emphasis on subject-matter considerations and exchange ability. The regression model is examined to show how analytical methods may fail in the derivation of marginal posterior distributions. The remainder of the book is concerned with applications of the theory to important models that are used in economics, political science, biostatistics and other applied fields. New to the second edition is a chapter on semiparametric regression and new sections on the ordinal probit, item response, factor analysis, ARCH-GARCH and stochastic volatility models. The new edition also emphasizes the R programming language.

More books from Cambridge University Press

Cover of the book Social Signal Processing by Edward Greenberg
Cover of the book A History of Islam in America by Edward Greenberg
Cover of the book Principled Negotiation and Mediation in the International Arena by Edward Greenberg
Cover of the book Free French Africa in World War II by Edward Greenberg
Cover of the book Commentary on the First Geneva Convention by Edward Greenberg
Cover of the book Mismanagement of Marine Fisheries by Edward Greenberg
Cover of the book Conservation of Freshwater Fishes by Edward Greenberg
Cover of the book The Making of Strategy by Edward Greenberg
Cover of the book The New Cambridge History of the Bible: Volume 3, From 1450 to 1750 by Edward Greenberg
Cover of the book American Mourning by Edward Greenberg
Cover of the book Understanding Language through Humor by Edward Greenberg
Cover of the book Numerical Methods in Finance with C++ by Edward Greenberg
Cover of the book Optimal Regulation and the Law of International Trade by Edward Greenberg
Cover of the book Principles for Building Resilience by Edward Greenberg
Cover of the book Operation Barbarossa and Germany's Defeat in the East by Edward Greenberg
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy