A Characterization Theorem for Externally Bayesian Groups
Genest, Christian
Ann. Statist., Tome 12 (1984) no. 1, p. 1100-1105 / Harvested from Project Euclid
A contribution is made to the problem of combining the subjective probability density functions $f_1, \cdots, f_n$ of $n$ individuals for some parameter $\theta$. More precisely, the situation is addressed which occurs when the members of a group share a common likelihood for some data and want to ensure that combining their posterior distributions for $\theta$ will yield the same result obtained by applying Bayes' rule to the aggregated prior distribution. Under certain regularity conditions to be discussed below, the logarithmic opinion pool $\prod^n_{i=1} f^{w_i}_i \big/ \int \prod^n_{i=1} f^{w_i}_i d\mu$ with $w_i \geq 0$ and $\sum^n_{i=1} w_i = 1$ is shown to be the only pooling formula which satisfies this criterion of group rationality.
Publié le : 1984-09-14
Classification:  External Bayesianity,  logarithmic opinion pool,  consensus,  62A99,  39B40
@article{1176346726,
     author = {Genest, Christian},
     title = {A Characterization Theorem for Externally Bayesian Groups},
     journal = {Ann. Statist.},
     volume = {12},
     number = {1},
     year = {1984},
     pages = { 1100-1105},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1176346726}
}
Genest, Christian. A Characterization Theorem for Externally Bayesian Groups. Ann. Statist., Tome 12 (1984) no. 1, pp.  1100-1105. http://gdmltest.u-ga.fr/item/1176346726/