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Author: Michal Andrle Publisher: International Monetary Fund ISBN: 1475548818 Category : Business & Economics Languages : en Pages : 26
Book Description
This paper proposes a novel way of formulating priors for estimating economic models. System priors are priors about the model's features and behavior as a system, such as the sacrifice ratio or the maximum duration of response of inflation to a particular shock, for instance. System priors represent a very transparent and economically meaningful way of formulating priors about parameters, without the unintended consequences of independent priors about individual parameters. System priors may complement or also substitute for independent marginal priors. The new philosophy of formulating priors is motivated, explained and illustrated using a structural model for monetary policy.
Author: Michal Andrle Publisher: International Monetary Fund ISBN: 1475548818 Category : Business & Economics Languages : en Pages : 26
Book Description
This paper proposes a novel way of formulating priors for estimating economic models. System priors are priors about the model's features and behavior as a system, such as the sacrifice ratio or the maximum duration of response of inflation to a particular shock, for instance. System priors represent a very transparent and economically meaningful way of formulating priors about parameters, without the unintended consequences of independent priors about individual parameters. System priors may complement or also substitute for independent marginal priors. The new philosophy of formulating priors is motivated, explained and illustrated using a structural model for monetary policy.
Author: Michal Andrle Publisher: International Monetary Fund ISBN: 1475555822 Category : Business & Economics Languages : en Pages : 18
Book Description
The paper introduces “system priors”, their use in Bayesian analysis of econometric time series, and provides a simple and illustrative application. System priors were devised by Andrle and Benes (2013) as a tool to incorporate prior knowledge into an economic model. Unlike priors about individual parameters, system priors offer a simple and efficient way of formulating well-defined and economically-meaningful priors about high-level model properties. The generality of system priors are illustrated using an AR(2) process with a prior that most of its dynamics comes from business-cycle frequencies.
Author: Mircea Dumitru Publisher: Oxford University Press, USA ISBN: 0199652627 Category : Philosophy Languages : en Pages : 545
Book Description
This is the first book on the provocative and innovative contributions to philosophy of language, metaphysics, the philosophy of mathematics, and logic made by Kit Fine, one of the world's foremost philosophers. Topics covered include meaning and representation, arbitrary objects, essence, ontological realism, and the metaphysics of modality.
Author: Jaume Bacardit Publisher: Springer ISBN: 3540881387 Category : Computers Languages : en Pages : 316
Book Description
This book constitutes the thoroughly refereed joint post-conference proceedings of two consecutive International Workshops on Learning Classifier Systems that took place in Seattle, WA, USA in July 2006, and in London, UK, in July 2007 - all hosted by the Genetic and Evolutionary Computation Conference, GECCO. The 14 revised full papers presented were carefully reviewed and selected from the workshop contributions. The papers are organized in topical sections on knowledge representation, analysis of the system, mechanisms, new directions, as well as applications.
Author: McCoy Williams Publisher: DIANE Publishing ISBN: 1437903959 Category : Technology & Engineering Languages : en Pages : 18
Book Description
In 1995, the DoD began an effort to implement a standard departmentwide travel system, the Defense Travel System (DTS). This testimony focuses on prior reporting concerning: (1) the lack of quantitative metrics to measure the extent to which DTS is actually being used; (2) weaknesses with DTS¿s requirements mgmt. and system testing; and (3) two key assumptions related to the estimated cost savings in the Sept. 2003 DTS economic analysis were not reasonable. Also highlights actions that DoD could explore to help streamline its administrative travel processes such as using a commercial database to identify unused airline tickets. Includes recommendations. Charts and tables.
Author: J. M. Bernardo Publisher: Oxford University Press ISBN: 9780198526155 Category : Mathematics Languages : en Pages : 1114
Book Description
This volume contains the proceedings of the 7th Valencia International Meeting on Bayesian Statistics. This conference is held every four years and provides the main forum for researchers in the area of Bayesian statistics to come together to present and discuss frontier developments in the field.
Author: Tony Cheng Publisher: Taylor & Francis ISBN: 1003827837 Category : Philosophy Languages : en Pages : 314
Book Description
This book brings together perspectives on predictive processing and expected experience. It features contributions from an interdisciplinary group of authors specializing in philosophy, psychology, cognitive science, and neuroscience. Predictive processing, or predictive coding, is the theory that the brain constantly minimizes the error of its predictions based on the sensory input it receives from the world. This process of prediction error minimization has numerous implications for different forms of conscious and perceptual experience. The chapters in this volume explore these implications and various phenomena related to them. The contributors tackle issues related to precision estimation, sensory prediction, probabilistic perception, and attention, as well as the role predictive processing plays in emotion, action, psychotic experience, anosognosia, and gut complex. Expected Experiences will be of interest to scholars and advanced students in philosophy, psychology, and cognitive science working on issues related to predictive processing and coding.
Author: Matteo Colombo Publisher: ISBN: 0190662816 Category : Law Languages : en Pages : 329
Book Description
Presentación del editor: "Andy Clark is a leading philosopher and cognitive scientist. The fruits of his work have been diverse and lasting. They have had an extraordinary impact throughout philosophy, psychology, neuroscience, and robotics. The extended mind hypothesis, the power of parallel distributed processing, the role of language in opening up novel paths for thinking, the flexible interface between biological minds and artificial technologies, the significance of representation in explanations of intelligent behaviour, the promise of the predictive processing framework to unify the cognitive sciences: these are just some of the ideas explored in Clark's work that have been picked up by many researchers and that have been contributing to intense debate across the sciences of mind and brain. This volume provides the first interdisciplinary, critical engagement with Clark's work; it includes contributions of authors from several disciplines, offering a fresh perspective on key questions in the sciences of mind and brain."
Author: Michal Andrle
Author: Michal Andrle
Author: Michal Andrle
Author: Mircea Dumitru
Author: Jaume Bacardit
Author: United States. General Accounting Office
Author: McCoy Williams
Author: J. M. Bernardo
Author: David C. Knill
Author: Tony Cheng
Author: Matteo Colombo