Reanalyzing Ultimatum Bargaining—Comparing Nondecreasing Curves Without Shape Constraints
重新分析最后通牒议价:无形状约束下的非递减曲线比较
We employ a hierarchical Bayesian method with exchangeable prior distributions to estimate and compare similar nondecreasing response curves. A Dirichlet process distribution is assigned to each of the response curves as a first stage prior. A second stage prior is then used to model the hyperparameters. We define parameters which will be used to compare the response curves. A Markov chain Monte Carlo method is applied to compute the resulting Bayesian estimates. To…