Advanced Search
MyIDEAS: Login to save this paper or follow this series

Bayesian testing and testing Bayesians

Contents:

Author Info

  • FLORENS, Jean-Pierre

    (GREMAQ, Université des Sciences Sociales, Toulouse, France)

  • MOUCHART, Michel

    (CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium and GREMAQ, Université des Sciences Sociales, Toulouse, France)

Registered author(s):

    Abstract

    This paper surveys Bayesian procedures of testing along with different attitudes of econometricians facing testing problems with some sympathy for Bayesian ideas. In the first part, the general Bayesian testing procedures are structured along two main axes. The first one presents the usual procedures based on the posterior probabilities of models, or of hypothesis, and relying mainly on a comparison of predicti ve distributions relative to each model, or hypothesis. The second one has been developped more recently and is based on a Bayesian extension of the encompassing principle. This approach basically relies on a comparison of posterior distributions on parameters of interest conditional on each hypothesis. In the second part, different attitudes of testing Bayesians is considered for the testing of two important problems in econometrics. The first one, testing the significance of a regression coefficient and chosing the regressors, is used to exemplify the flexibility of the Bayesian approach whereas the second one, testing for unit root, is used to exemplify how Bayesian thinking may be useful to shed new insights on controversial issues. A final section provides offers a short survey of Bayesian contributions on other testing problems.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://alfresco.uclouvain.be/alfresco/download/attach/workspace/SpacesStore/ad6c0ef2-4eeb-46fb-aea2-6c7323496c4c/coredp_1992_20.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1992020.

    as in new window
    Length:
    Date of creation: 01 Apr 1992
    Date of revision:
    Handle: RePEc:cor:louvco:1992020

    Contact details of provider:
    Postal: Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium)
    Phone: 32(10)474321
    Fax: +32 10474304
    Email:
    Web page: http://www.uclouvain.be/core
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cor:louvco:1992020. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alain GILLIS).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.