It is well known that standard frequentist inference breaks down in IV regressions with weak instruments. Bayesian inference with diffuse priors suffers from the same problem. We show that the issue ...

Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...

The parametric bootstrap can be used for the efficient computation of Bayes posterior distributions. Importance sampling formulas take on an easy form relating to the deviance in exponential families ...

This paper is a generalization of earlier studies by Ferreira (1975) and Holbert and Broemeling (1977), who used improper prior distributions in order to make informal Bayesian inferences for the ...

This paper develops new econometric methods to infer hospital quality in a model with discrete dependent variables and non-random selection. Mortality rates in patient discharge records are widely ...

Approach developed at the Texas A&M School of Public Health offers promising new knowledge on idiopathic pulmonary fibrosis pathways Texas A&M University A new statistical technique developed by a ...

One of the goals of statistics is to make inferences about population parameters from a limited set of observations. Last month, we showed how Bayes' theorem is used to update probability estimates as ...