Bayesians X classics



Hi all!

I'm an under-graduated student on Economics.

I've enjoyed a lot this discussion list, while I've a large interest on
Statistics and its applications on Economics: Econometrics...

But I have a stupid question, that I have always no chance to ask a
good statistician...

Here goes:

What is the main difference between the classic and the bayesian
approach? Here in my college, talking about Econometrics, some
Professors says that bayesians makes the data seens to be "beautiful",
and the world "perfect", adjusting everything in a probability
distribution and this is not good for the study of Economical data,
while it has not this behaviour (?)... However, many of then - who talk
like this - have used this approach to spatial econometrics (!)

Sorry for my terrible english and to bother you all...

Greetings,

Raquel
MSN: raquelrguima@xxxxxxx

.



Relevant Pages

  • Re: Bayesians X classics
    ... Raquel Guimarães wrote: ... > Statistics and its applications on Economics: Econometrics... ... The only "Good Bayesian", I.J.Good, ... time) is that I've just got off a 15.5 hour non-stop flight from ...
    (sci.stat.edu)
  • Re: Bayesians X classics
    ... >> Statistics and its applications on Economics: Econometrics... ... The only "Good Bayesian", I.J.Good, ... which is called his "prior". ... Bayes risk is what should be considered. ...
    (sci.stat.edu)