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When Do Ordered Prior Distributions Induce Ordered Posterior Distributions?

Authors: Ben Klemens;

When Do Ordered Prior Distributions Induce Ordered Posterior Distributions?

Abstract

It has been shown that if two probability distributions satisfy the monotone likelihood ratio property (MLRP), and are independently updated using common public information and traditional Bayesian updating, then the resulting two posterior distributions will also satisfy the MLRP. I discuss this result and extend it by characterizing the full set of updating operations which preserve the MLRP in this manner, of which Bayesian updating is an element. I also find the set of updating operations which preserve first order stochastic dominance (FOSD). The only operator which preserves both the MLRP and FOSD is that which ignores all new information.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
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