Machine Learning Econometrics: Bayesian Algorithms and Methods
Bayesian inference in economics is primarily perceived as a methodology for cases where the data are short, that is, not informative enough in order to be able to obtain reliable econometric estimates of quantities of interest. In these cases, prior beliefs, such as the experience of the decision-ma...
|Place of publication:||
Oxford University Press
|published in:||Oxford Research Encyclopedia of Economics and Finance|
|Online Access:||available in Bonn?|
|Database:||Database information not found
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