Econometric illustrations of novel numerical integration strategies for Bayesian inference

Econometric illustrations of novel numerical integration strategies for Bayesian inference

Recent progress with numerical techniques for implementing Bayesian methods for irregular, multi-parameter likelihoods is reviewed and illustrated with two econometric examples. The numerical integration strategies involve novel iterative, adaptive uses of Cartesian product and spherical rule quadra...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of econometrics 1988-05, Vol.38 (1), p.103-125
Hauptverfasser: Naylor, J.C., Smith, A.F.M.
Format: Artikel
Sprache:eng
Schlagworte:
Bayesian analysis
Disequilibrium
Econometrics
Integration
Mathematical models
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Recent progress with numerical techniques for implementing Bayesian methods for irregular, multi-parameter likelihoods is reviewed and illustrated with two econometric examples. The numerical integration strategies involve novel iterative, adaptive uses of Cartesian product and spherical rule quadrature formulae, together with importance sampling techniques.
ISSN:0304-4076
1872-6895
DOI:10.1016/0304-4076(88)90029-2