Search results for "Rule of succession"

Rejoinder on: Natural Induction: An Objective Bayesian Approach

2009

Giron and Moreno. We certainly agree with Professors Giron and Moreno on the interest in sensitivity of any Bayesian result to changes in the prior. That said, we also consider of considerable pragmatic importance to be able to single out a unique, particular prior which may reasonably be proposed as the reference prior for the problem under study, in the sense that the corresponding posterior of the quantity of interest could be routinely used in practice when no useful prior information is available or acceptable. This is precisely what we have tried to do for the twin problems of the rule of succession and the law of natural induction. The discussants consider the limiting binomial versi…