Bayesian Model Choice: Asymptotics and Exact Calculations
Abstract
Model determination is a fundamental data analytic task. Here we consider the problem of choosing amongst a finite (with loss of generality we assume two) set of models. After briefly reviewing classical and Bayesian model choice strategies we present a general predictive density which includes all proposed Bayesian approaches we are aware of. Using Laplace approximations we can conveniently assess and compare asymptotic behavior of these approaches. Concern regarding the accuracy of these approximation for small to moderate sample sizes encourages the use of Monte Carlo techniques to carry out exact calculations. A data set fit with nested non linear models enables comparison between proposals and between exact and asymptotic values.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 15, 1993
- Accession Number
- ADA269067
Entities
People
- Alan E. Gelfand
- D. K. Dey
Organizations
- Stanford University