Abstract
Bayesian Quantile Regression in Ordinal Models
By
Arshad Rahman
IIT, Kanpur
| Abstract:
The paper introduces a Bayesian estimation method for quantile regression in univariate ordinal models. Two algorithms are presented that utilize the latent variable inferential framework of Albert and Chib (1993) and the normal-exponential mixture representation of the asymmetric Laplace distribution. Estimation utilizes Markov chain Monte Carlo simulation – either Gibbs sampling together with the Metropolis–Hastings algorithm or only Gibbs sampling. The algorithms are employed in two simulation studies and implemented in the analysis of problems in economics (educational attainment) and political economy (public opinion on extending “Bush Tax” cuts). Investigations into model comparison exemplify the practical utility of quantile ordinal models.
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Committee
Workshop
Conference
Student Paper
Key Dates
Communication
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