14. Refer to Example 2.10. Compare pD and DIC for the two prior distributions considered for the...
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14. Refer to Example 2.10. Compare pD and DIC for the two prior distributions considered for the error terms, namely, the Gamma(.1, .1) prior on the error precision τ, and the Unif(.01, 100) prior on the error standard deviation σ. Which prior emerges as “best”? In your opinion, is it sensible to use a model choice criterion like DIC to choose between prior distributions?
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Bayesian Methods For Data Analysis
ISBN: 9781584886976
3rd Edition
Authors: Bradley P. Carlin, Thomas A. Louis
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