Frequentist properties of Bayesian inequality tests

نویسندگان

چکیده

Bayesian and frequentist criteria fundamentally differ, but often posterior sampling distributions agree asymptotically. For the corresponding single-draw experiment, we characterize size of a certain hypothesis test (possibly nonlinear) inequalities. If null is that parameter lies in specified half-space, then test’s equals α; if subset above otherwise, may be equal to, above, or below α. Rejection probabilities at points are also characterized. Two examples illustrate our results: translog cost function curvature ordinal distribution relationships.

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ژورنال

عنوان ژورنال: Journal of Econometrics

سال: 2021

ISSN: ['1872-6895', '0304-4076']

DOI: https://doi.org/10.1016/j.jeconom.2020.05.015