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11-006/4 - Divergent Priors and well Behaved Bayes Factors


  • Authors
    Rodney W. Strachan, Australian National University, Australia; Herman K. van Dijk, Erasmus University Rotterdam, the Netherlands
  • Publication date
    January 10, 2011
  • Keywords
    Improper prior, Bayes factor, marginal likelihood, Shrinkage prior; Measure
  • JEL
    C11; C52; C15; C32.