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Bayes Factors and BIC: Comment on Weakliem (1998)

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by Adrian E. Raftery
Citations:3 - 0 self
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BibTeX

@MISC{Raftery98bayesfactors,
    author = {Adrian E. Raftery},
    title = {Bayes Factors and BIC: Comment on Weakliem},
    year = {1998}
}

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Abstract

Weakliem agrees that Bayes factors are useful for model selection and hypothesis testing. He reminds us that the simple and convenient BIC approximation corresponds most closely to one particular prior on the parameter space, the unit information prior, and points out that researchers may have different prior information or opinions. Clearly a prior that represents the available information should be used, although the unit information prior often seems reasonable in the absence of strong prior information. It seems that, among the Bayes factors likely to be used in practice, BIC is conservative in the sense of tending to provide less evidence for additional parameters or "effects". Thus if a Bayes factor based on additional prior information favors an effect, but BIC does not, the prior information is playing a crucial role and this should be made clear when the research is reported. BIC may well have a role as a baseline reference analysis to be provided in routine reporting of research results, perhaps along with Bayes factors based on other priors. In Weakliem's 2 x 2 table examples, BIC and Bayes factors based on Weakliem's preferred priors lead to similar substantive conclusions, but both differ from those based on P values. When there is additional prior information, the technology now exists to express it as

Citations

887 D: Bayesian Data Analysis - Gelman, Carlin, et al. - 1995
717 Bayes factors - Kass, Raftery - 1995
215 Model selection and accounting for model uncertainty in graphical models using Occam's window - Madigan, Raftery - 1994
94 A reference Bayesian test for nested hypotheses and its relationship to the Schwarz criterion - Kass, Wasserman - 1995
79 Approximate Bayes Factors and Accounting for Model Uncertainty in Generalised Linear Models - Raftery - 1996
37 Accounting for model uncertainty in survival analysis improves predictive performance (with discussion - Raftery, Madigan, et al. - 1996
26 Estimating Bayes Factors via Posterior Simulation with the Laplace-Metropolis Estimator - LEWIS, RAFTERY - 1997
20 Bayesian model selection in structural equation models. Testing structural equation models - Raftery - 1993
17 More Universalism, Less Structural Mobility: The American Occupational Structure in the 1980s - Hout - 1988
14 Approximate Bayes factors for generalized linear models - Raftery - 1988
11 Model Selection for Generalized linear model via GLIB: Application to nutrition and breast cancer - AE, Richardson - 1996
9 Comparitive social mobility revisited: Models of convergence and divergence in 16 countries - Grusky, Hauser - 1984
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2 Choosing models for cross-classi cations - Raftery - 1986
1 Choosing models for cross-classifications. American Sociological Review 51:145--146 - Raftery - 1986
1 111--195 in Sociological Methodology 1995, edited by Peter V - Pp
1 Hoeting 1997. Model selection and accounting for model uncertainty in linear regression models - Raftery, Madigan, et al.
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