Consistent Bayesian aggregation

Article Abstract:

Bayesian aggregation is analyzed under such limitations as its identity with a subjective probability or a Savagean ordering and its consistency with the Pareto principle. The aggregation problem is shown to be solvable only through the implementation of affine rules, particularly with regards to nonatomic probabilities. When the Pareto principle happens to be strong relative to other conditions, no solution appears to be valid.

Research, Bayesian statistical decision theory, Bayesian analysis, Rational expectations (Economics)

---

Consistent high-frequency calibration

Article Abstract:

The effectiveness economic models are examined in the light of the modelEs ability to simulate the observed subject. A suggestion to reduce the length of the intervals in order to bring about greater efficiency to the method is put forward.

United Kingdom, Calibration

---

Similar abstracts:

• Abstracts: Market microstructure and intermediation. Consignment contracting. A comparative analysis of merchant and broker intermediation
• Abstracts: Further analysis of the returns to academic and vocational qualifications. Consumption and aggregate constraints: international evidence
• Abstracts: Delay and settlement in litigation. Using higher moments to estimate the simple errors-in-variables model
• Abstracts: 'Verstehen', ideal types, and situational analysis and the problem of free will
• Abstracts: Investments of uncertain cost. Mexican agriculture: distribution and efficiency effects of eliminating price distortions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.