False posteriors for the long-term growth determinants
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Charemza, Wojciech W.; Strachan, Rodney; Zurawski, Piotr
Description
This paper shows: (1) bias may exist in Bayesian methods of selecting regressors; (2) the non-zero posterior inclusion probability of irrelevant regressors might affect the choice of regressors; and (3) how to compute the probability of falsely including
Collections | ANU Research Publications |
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Date published: | 2010 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/64240 |
Source: | Economics Letters |
DOI: | 10.1016/j.econlet.2010.08.026 |
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File | Description | Size | Format | Image |
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01_Charemza_False_posteriors_for_the_2010.pdf | 219.97 kB | Adobe PDF | Request a copy |
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