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Default prior choices fixing Zellner's g are predominant in the Bayesian Model Averaging literature, but tend to concentrate posterior mass on a tiny set of models. The paper demonstrates this supermodel effect and proposes to address it by a hyper-g prior, whose data-dependent shrinkage adapts...
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undergraduates with the mathematical skills required for degree courses in economics, finance, management, and business studies. The … and finance. Designed as both a course text and a handbook, the book assumes little prior mathematical knowledge beyond … elementary algebra and is therefore suitable for students returning to mathematics after a long break. The fundamental ideas are …
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