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The Latest Development of Objective Bayesian Analysis

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Ning Ji

    (Tianjin University of Technology and Education)

  • Yi Dai

    (Tianjin University of Technology and Education)

Abstract

The 2011 International Workshop on Objective Bayes Methodology has been held in East China Normal University last year. This paper selects three experts’ reports to introduce the latest development of Objective Bayesian Analysis. Professor James Berge applied the reference prior in estimating the parameters of Gaussian random field and is shown to yield a proper posterior distribution. Professor Ferreira used the theory of Objective Bayesian to solve the parameters of Exponential Power Regression Models and recommended the Jeffreys prior in three cases. Professor Lai-sheng Wei introduced the loss function for Empirical Bayes test problem for variance components in random effects models and the recommended noninformative prior distribution is given, obtained very good result. Those three experts’ arguments will be introduced in detail in this paper.

Suggested Citation

  • Ning Ji & Yi Dai, 2013. "The Latest Development of Objective Bayesian Analysis," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 641-646, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38433-2_69
    DOI: 10.1007/978-3-642-38433-2_69
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