Questions tagged [unit-information-prior]

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1answer
641 views

When using Jeffrey's prior for Normal model, what is $p_J(\theta, \sigma^{2} | y_{1}, …, y_{n})$ supposed to be?

I'm reading A First Course in Bayesian Statistical Methods by P. Hoff where he is using Jeffrey's prior (J) and Unit information prior (U) for Normal model. For example we can derive Jeffrey's prior ...
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1answer
631 views

How to specify the unit information prior

Continuing on from this question and this question re BIC and its approximation to the Bayes factor with a unit information prior (Kass & Wasserman, 1995), I'm trying to quantify this relationship ...
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1answer
438 views

The unit information prior and its BIC approximation

Just moments ago, I asked this question because I've been reading Wagenmakers 2007. I now have a better understanding of what a unit information prior is and can push my knowledge further with two (by ...
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2answers
3k views

What is a “Unit Information Prior”?

I've been reading Wagenmakers (2007) A practical solution to the pervasive problem of p values. I'm intrigued by the conversion of BIC values into Bayes factors and probabilities. However, so far I ...