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Using Meta-Analysis Results in Bayesian Updating: The Empty-Cell Problem.

Authors :
Vanhonacker, Wilfried R.
Price, Lydia J.
Source :
Journal of Business & Economic Statistics; Oct92, Vol. 10 Issue 4, p427-435, 9p
Publication Year :
1992

Abstract

Bayesian estimation incorporating prior information has been a popular approach to gaining estimation efficiency. Although prior information can take a variety of forms, generalizations derived from meta-analyses have been suggested as being useful. This article shows that these priors can be problematic in light of the many empty cells observed in meta-analysis designs. Design reduction, which gives rise to an unbiased prior, is found to be the preferred solution. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
07350015
Volume :
10
Issue :
4
Database :
Complementary Index
Journal :
Journal of Business & Economic Statistics
Publication Type :
Academic Journal
Accession number :
5826692
Full Text :
https://doi.org/10.2307/1391818