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This paper considers generating exchangeable partition probability functions from an independent and identically distributed sample from a geometric distribution. We show that the model is rich and while different from exchangeable random variables based on nonparametric models, such as the...
Persistent link: https://www.econbiz.de/10010576160
We propose a mixed multinomial logit model, with the mixing distribution assigned a general (nonparametric) stick-breaking prior. We present a Markov chain Monte Carlo (MCMC) algorithm to sample and estimate the posterior distribution of the model’s parameters. The algorithm relies on a Gibbs...
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type="main" xml:id="sjos12047-abs-0001" <title type="main">Abstract</title>This paper examines the use of Dirichlet process mixtures for curve fitting. An important modelling aspect in this setting is the choice between constant and covariate-dependent weights. By examining the problem of curve fitting from a predictive...
Persistent link: https://www.econbiz.de/10011153108
A Bayesian nonparametric approach to modeling a nonlinear dynamic model is presented. New techniques for sampling infinite mixture models are used. The inference procedure specifically in the case of the logistic model and when the nonparametric component is applied to the additive errors is...
Persistent link: https://www.econbiz.de/10005005970
This paper introduces a new approach to the study of rates of convergence for posterior distributions. It is a natural extension of a recent approach to the study of Bayesian consistency. Crucially, no sieve or entropy measures are required and so rates do not depend on the rate of convergence...
Persistent link: https://www.econbiz.de/10005077203
The paper proposes two Bayesian approaches to non-parametric monotone function estimation. The first approach uses a hierarchical Bayes framework and a characterization of smooth monotone functions given by Ramsay that allows unconstrained estimation. The second approach uses a Bayesian...
Persistent link: https://www.econbiz.de/10005658835