Abstract
The paper by Leamer covers several issues. The first part juxtaposes Bayesian versus classical methodologies of research; the second presents a theory of data analysis; the third and fourth illustrate the methodology by an example. The main theorems deal with the sensitivity of the regression coefficients and the t-statistics with respect to alternative specifications of the model. They can be used in Bayesian and classical analysis. Therefore, one does not have to agree with the Bayesian approach in order to use the main theorems. Unlike most econometric papers, this one offers reasoning, interpreta
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
