5.29 Suppose you are trying to decide whether to buy shares in the XYZ corporation. You seek...
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5.29 Suppose you are trying to decide whether to buy shares in the XYZ corporation. You seek an opinion from several of the well-known stock brokerage firms in the closest major financial center. One decision rule is to follow the advice of the majority of opinions. Another might involve finding out how confident each firm is in its opinion. How would you generalize this concept to the multivariate prior distribution assessment context?
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Related Book For 
Subjective And Objective Bayesian Statistics
ISBN: 9780471348436
2nd Edition
Authors: S. James Press
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