Download This PaperIllustrating the Implicit BIC Prior
9 Pages Posted: 29 Jun 2013
Date Written: June 28, 2013
Abstract
I show how to find the uniform prior implicit in using the Bayesian Information Criterion to consider a hypothesis about a single normally distributed parameter. The ratio of the width of the implicit prior to the standard deviation of the parameter estimate is sqrt(2*pi*n) for large samples.
Keywords: Bayesian Information Criterion, BIC, priors
JEL Classification: C11
Suggested Citation: Suggested Citation
Startz, Richard, Illustrating the Implicit BIC Prior (June 28, 2013). Available at SSRN: https://ssrn.com/abstract=2286801 or http://dx.doi.org/10.2139/ssrn.2286801
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