579 – Bayesian Theory and Methods 2
Bayesian Inference for the Bivariate Pareto ((II)) Distribution Under the Hidden Truncation Paradigm
Sponsor: Section on Bayesian Statistical Science
Keywords: Bayesian infernce, conditional priors, hidden truncation model
Indranil Ghosh
North Dakota State University
Data from a hidden truncated Pareto(II) distribution are to be used to make inferences about the inequality, precision and truncation parameters.Two different types of dependent prior analyses are reviewed and compared with each other.It is argued that mathematical tractability should be, perhaps,a minor consideration in choosing the appropriate choices of the hyper-parameters for the prior densities. Some illustrative examples are provided.
