Rational Beliefs and Bayesian Learning: A Note
AbstractBy means of an example, it is demonstrated how rational beliefs may be incorporated into a Bayesian learning model. The empirical distribution is learned over time and the subjective rational belief is modified accordingly.
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Bibliographic InfoArticle provided by Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore in its journal Rivista Internazionale di Scienze Sociali.
Volume (Year): 115 (2007)
Issue (Month): 3 ()
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Rational beliefs; Bayesian learning;
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- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
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