Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the intermediate case of a third Bayesian, B3, who has the same prior information as B1 about , but is not given the data

Consider the intermediate case of a third Bayesian, B3, who has the same prior information as B1 about ,  but is not given the data component y. Then y never appears in B3s equations at all; his model is the marginal sampling distribution p(z| I3). Show that, nevertheless, if (15.59) still holds (in the interpretation intended, as indicated by (15.62)), then B2 and B3 are always in agreement, p( |zI3) = p( |zI2), and that to prove this it is not necessary to appeal to (15.60). Merely withholding the datum y automatically makes any prior knowledge about  irrelevant to inference about  . Ponder this until you can explain in words why it is, after all, intuitively obvious.



Step by Step Solution

There are 3 Steps involved in it

Step: 1

In this scenario B3 has the same prior information as B1 regarding the parameter but B3 is not given ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these General Management questions

Question

What do you like to do in your spare time?

Answered: 1 week ago

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago