Showing 1 - 10 of 14,704
Persistent link: https://www.econbiz.de/10011317089
This paper is concerned with the problem of deriving expressions for the Bayesian predictive survival functions for the median of future sample of generalized order statistics having odd and even sizes. Both of the informative and future samples are drawn from a population whose distribution is...
Persistent link: https://www.econbiz.de/10009769905
Persistent link: https://www.econbiz.de/10010247009
Persistent link: https://www.econbiz.de/10011497373
Persistent link: https://www.econbiz.de/10001491011
In this paper, I use the standard machinery of dynamic general equilibrium models to generate a rich class of probabilities and discuss their properties. This class includes probabilities consistent with Bayes' rule and known non-Bayesian rules. If the prior support is correctly specified, I...
Persistent link: https://www.econbiz.de/10012968673
Persistent link: https://www.econbiz.de/10012625798
Persistent link: https://www.econbiz.de/10013193949
Persistent link: https://www.econbiz.de/10012496385
Prediction markets for future events are increasingly common and they often trade several contracts for the same event. This paper considers the distribution of a normative risk-neutral trader who, given any portfolio of contracts traded on the event, would choose not to reallocate that...
Persistent link: https://www.econbiz.de/10011719089