Statistical Inference as a Bargaining Game

May 20, 2002

Preview Citation

Format: Chicago

Eduardo Ley. Statistical Inference as a Bargaining Game, (USA: International Monetary Fund, 2002) accessed December 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper extends the analogy, previously established by Learner (1978a), between a Bayesian inference problem and an economics allocation problem to show that posterior modes can be interpreted as optimal outcomes of a bargaining game. This bargaining game, over a parameter value, is played between two players: the researcher (with preferences represented by the prior) and the data (with preferences represented by the likelihood).

Subject: Consumption, Tax incentives

Keywords: Contract curve, WP

Publication Details

Pages:

13
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/081
Stock No:

WPIEA0812002
ISBN:

9781451850376
ISSN:

1018-5941

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