In this paper we present a new characterization and perspective on a neutral to the right prior. This characterization is based on a sequence of predictive laws which provides explicitly the posterior parameters and Bayes estimators for such a prior.
A characterization of a neutral to the right prior via an extension of Johnson's sufficientness postulate
Muliere P.
1999
Abstract
In this paper we present a new characterization and perspective on a neutral to the right prior. This characterization is based on a sequence of predictive laws which provides explicitly the posterior parameters and Bayes estimators for such a prior.
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