Lu, Bin; Song, Xin-Yuan; Li, Xin-Dan - In: Quantitative Finance 12 (2012) 3, pp. 477-488
Structural equation models (SEMs) have been widely used to determine the relationships among certain observed and latent variables in behavioral finance. The purpose of this paper is to develop a Bayesian approach for analysing multi-group nonlinear SEMs. Using recently developed tools in...