Prior Elicitation, Assessment and Inference with a Dirichlet Prior

Methods are developed for eliciting a Dirichlet prior based upon stating bounds on the individual probabilities that hold with high prior probability. This approach to selecting a prior is applied to a contingency table problem where it is demonstrated how to assess the prior with respect to the bia...

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Bibliographic Details
Main Authors: Michael Evans, Irwin Guttman, Peiying Li
Format: Article
Language:English
Published: MDPI AG 2017-10-01
Series:Entropy
Subjects:
Online Access:https://www.mdpi.com/1099-4300/19/10/564