Introduction to Bayesian Econometrics

Name: Introduction to Bayesian Econometrics
Availability: OutOfStock
ISBN: 9780521858717

ISBN-10: 0521858712

ISBN-13: 9780521858717

Edition: 2008

Authors: Edward Greenberg

List price: $54.99

30 day, 100% satisfaction guarantee!

Out of stock

We're sorry. This item is currently unavailable.

what's this?

Rush Rewards U
Members Receive:

You have reached 400 XP and carrot coins. That is the daily max!

Description:

Introduces the increasingly popular Bayesian approach to statitistics to graduates and advanced undergraduates. In contrast to the long-standing frequentist approach to statistics, the Bayesian approach makes explicit use of prior information and is based on the subjective view of probability. Bayesian econometrics takes probability theory as applying to all situations in which uncertainty exists, including uncertainty over the values of parameters. A distinguishing feature of this book is its emphasis on classical and Markov chain Monte Carlo (MCMC) methods of simulation. The book is concerned with applications of the theory to important models that are used in economics, political…

Book details

List price: $54.99
Copyright year: 2008
Publisher: Cambridge University Press
Publication date: 10/8/2007
Binding: Hardcover
Pages: 222
Size: 7.00" wide x 10.00" long x 0.75" tall
Weight: 1.232
Language: English




Fundamentals of Bayesian Inference



Introduction



Basic concepts of probability and inference



Posterior distributions and inference



Prior distributions



Simulation



Classical simulation



Basics of Markov chains



Simulation by MCMC methods



Applications



Linear regression and extensions



Multivariate responses



Time series



Endogenous covariates and sample selection



Probability distributions and matrix theorems



Computer programs for MCMC calculations