POSTERIOR MOMENTS COMPUTED BY MIXED INTEGRATION

Herman van Dijk, T. Kloek and C. G. E. Boender

No 272291, Econometric Institute Archives from Erasmus University Rotterdam

Abstract: A flexible numerical integration method is proposed for the computation of moments of a multivariate posterior density with different tail properties in different directions. The method (called mixed integration) amounts to a combination of classical numerical integration and Monte Carlo integration. Mixed integration is parsimonious in the sense that it makes use of the same parameters as the more restrictive multivariate normal importance function. The method is applied in order to compute the posterior scores of three candidates for a professorship in Operations Research taking into account four different decision criteria.

Keywords: Agricultural and Food Policy; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 29
Date: 1985-02
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Citations: View citations in EconPapers (14)

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Related works:
Journal Article: Posterior moments computed by mixed integration (1985)
Working Paper: POSTERIOR MOMENTS COMPUTED BY MIXED INTEGRATION (1983)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eureia:272291

DOI: 10.22004/ag.econ.272291

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