Mathematics – Statistics Theory
Scientific paper
2009-02-16
Mathematics
Statistics Theory
This is a personal 19-pages manuscript version of the article that has been accepted for publication by Journal of Statistical
Scientific paper
10.1016/j.jspi.2010.05.023
We provide a reason for Bayesian updating, in the Bernoulli case, even when it is assumed that observations are independent and identically distributed with a fixed but unknown parameter $\theta_0$. The motivation relies on the use of loss functions and asymptotics. Such a justification is important due to the recent interest and focus on Bayesian consistency which indeed assumes that the observations are independent and identically distributed rather than being conditionally independent with joint distribution depending on the choice of prior.
Bissiri Pier Giovanni
Walker Stephen G.
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