WebOct 20, 2024 · Revisiting the framework of (Barillas, Francisco, and Jay Shanken, 2024, Comparing asset pricing models, The Journal of Finance 73, 715–754). BS henceforth, we show that the Bayesian marginal likelihood-based model comparison method in that paper is unsound : the priors on the nuisance parameters across models must satisfy a … WebYou have full control over your finances with 24/7 access to your account and customer care support.
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