| Full text | |
| Author(s): |
Total Authors: 3
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| Affiliation: | [1] Univ Fed Sao Carlos, Dept Stat, Rod Washington Luis, Km 235, BR-13560 Sao Carlos, SP - Brazil
[2] Univ Ghent, Onderzoeksgrp SYST, Technol Pk Zwijnaarde 914, B-9052 Ghent - Belgium
Total Affiliations: 2
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| Document type: | Journal article |
| Source: | AMERICAN STATISTICIAN; v. 70, n. 1, p. 9-17, JAN 2 2016. |
| Web of Science Citations: | 0 |
| Abstract | |
The selection of prior distributions is a problem that has been heavily discussed since Bayes and Price published their article in 1763. Conjugate priors became popular, largely because of their mathematical convenience. In this study, we justify the use of the conjugate combination of a Dirichlet prior and a multinomial likelihood by imposing a fundamental principle that we call partition invariance, alongside other requirements that are well known in the literature. (AU) | |
| FAPESP's process: | 12/14764-0 - Imprecise probabilities and de Finetti's theorems |
| Grantee: | Marcio Alves Diniz |
| Support Opportunities: | Scholarships abroad - Research |