An introduction to modern Bayesian econometrics / Tony Lancaster.

Format:

Book

Author/Creator:

Lancaster, Tony, 1938-

Contributor:

Classes of 1883 and 1884 Fund.

Language:

English

Subjects (All):

Econometrics.

Bayesian statistical decision theory.

Physical Description:

xiv, 401 pages : illustrations ; 26 cm

Place of Publication:

Malden, MA : Blackwell Pub., 2004.

Summary:

About two hundred and forty years ago, an English clergyman named Thomas Bayes developed a method to calculate the chances of uncertain events in the light of accumulating evidence. Though his method has extensive applications to the work of economists, it is only recent advances in computing that have made it possible to exploit its full power.In this new and expanding area, Tony Lancaster 's text provides a comprehensive introduction to the Bayesian way of doing applied economics. Using clear explanations and practical illustrations and problems, the text presents innovative, computer-intensive ways for applied economists to use the Bayesian method. In addition, each chapter includes numerical and graphical examples and demonstrates their solutions using the S programming language and Bugs software.

Notes:

Includes bibliographical references (pages [383]-389) and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Classes of 1883 and 1884 Fund.

ISBN:

1405117192

1405117206

OCLC:

53099041