About two hundred and forty years ago, an English clergyman named Thomas Bayes developed a method to calculate the chances of uncertain events in the light of accumulating evidence. Though his method has extensive applications to the work of economists, it is only recent advances in computing that have made it possible to exploit its full power. In this new and expanding area, Tony Lancaster's text provides a comprehensive introduction to the Bayesian way of doing applied economics. Using clear explanations and practical illustrations and problems, the text presents innovative, computer-intensive ways for applied economists to use the Bayesian method. In addition, each chapter includes numerical and graphical examples and demonstrates their solutions using the S programming language and Bugs software.
- ISBN10 1405117192
- ISBN13 9781405117197
- Publish Date 20 April 2004
- Publish Status Out of Print
- Out of Print 8 March 2006
- Publish Country GB
- Publisher John Wiley and Sons Ltd
- Imprint Blackwell Publishing Ltd
- Format Hardcover
- Pages 416
- Language English