Literature DB >> 28857129

Approximated adjusted fractional Bayes factors: A general method for testing informative hypotheses.

Xin Gu1,2, Joris Mulder3, Herbert Hoijtink1,4.   

Abstract

Informative hypotheses are increasingly being used in psychological sciences because they adequately capture researchers' theories and expectations. In the Bayesian framework, the evaluation of informative hypotheses often makes use of default Bayes factors such as the fractional Bayes factor. This paper approximates and adjusts the fractional Bayes factor such that it can be used to evaluate informative hypotheses in general statistical models. In the fractional Bayes factor a fraction parameter must be specified which controls the amount of information in the data used for specifying an implicit prior. The remaining fraction is used for testing the informative hypotheses. We discuss different choices of this parameter and present a scheme for setting it. Furthermore, a software package is described which computes the approximated adjusted fractional Bayes factor. Using this software package, psychological researchers can evaluate informative hypotheses by means of Bayes factors in an easy manner. Two empirical examples are used to illustrate the procedure.
© 2017 The British Psychological Society.

Keywords:  fractional Bayes factor; informative hypothesis; normal approximation; prior sensitivity

Mesh:

Year:  2017        PMID: 28857129     DOI: 10.1111/bmsp.12110

Source DB:  PubMed          Journal:  Br J Math Stat Psychol        ISSN: 0007-1102            Impact factor:   3.380


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