Posterior model probabilities via path‐based pairwise priors
James O. Berger, Germán Molina · Statistica Neerlandica · 2005
We focus on Bayesian model selection for the variable selection problem in large model spaces. The challenge is to search the huge model space adequately, while accurately approximating model posterior probabilities for the visited models. The issue of choice of prior distributions for the visited models is also important.