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Course details for Bayesian Methods in Theory and Practice S054E
Course general details
Bayesian Methods in Theory and Practice
S054E
Course contents
This course, organised by Mansholt, provides an introduction to the use of Bayesian methods in the context of economics and econometrics. However, the set-up of the course also makes it interesting for scientists of other disciplines using Bayesian techniques. In economic theory Bayesian methods are central to modeling behavior under uncertainty. Economic agents typically maximize an objective function conditional on their available information, and as more information becomes available they update their decisions using Bayes rule. Bayesian methods in econometrics apply this paradigm to the economist as an investigator and decision maker: he or she conditions on observed behavior, and then draws inferences about alternative models for behavior or reaches a decision such as a policy recommendation or a forecast.

Please visit the website for full information and registration: http://www.sls.wau.nl/mi/mgs/courses/
Intermediate
4.00

This course has been scheduled for the following periods:

Period Location Credits Options
Last modified on Aug 8, 2006 03:26:15 PM by SENSE Administrator (534 Reads)