Assessment of Judgmental Prior Distributions in the Bayesian Inferential Process

Authors

Hoi K. Suen, Northern Illinois University
Robert A. Karabinus, Northern Illinois University

Publication Date

1986

Abstract

This study compared the accuracies of the t-distribution method suggested by Suen (1983, 1984) with the natural conjugate distribution (NCD) method in combining subjective distributions to form a single joint prior that, when combined with empirical data, generated the most accurate estimate of the actual mean values. It was found that the t-distribution process yielded more accurate posterior information than the NCD process.

Recommended Citation

Suen, Hoi K. and Karabinus, Robert A. (1986) "Assessment of Judgmental Prior Distributions in the Bayesian Inferential Process," Mid-Western Educational Researcher (1981 - 1987): Vol. 7: Iss. 3, Article 2.
Available at: https://scholarworks.bgsu.edu/mwer_archival/vol7/iss3/2