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Posterior Inference in Curved Exponential Families under Increasing Dimensions

Alexandre Belloni, Victor Chernozhukov

arXiv 20 Apr 2009 · Mathematics — Statistics Theory · publishedEconometrics Journal (2014) · 3 citations (OpenAlex)

arXiv:0904.3132 · PDF · DOI · OpenAlex · Extracted main text

Abstract

This work studies the large sample properties of the posterior-based inference in the curved exponential family under increasing dimension. The curved structure arises from the imposition of various restrictions on the model, such as moment restrictions, and plays a fundamental role in econometrics and others branches of data analysis. We establish conditions under which the posterior distribution is approximately normal, which in turn implies various good properties of estimation and inference procedures based on the posterior. In the process we also revisit and improve upon previous results for the exponential family under increasing dimension by making use of concentration of measure. We also discuss a variety of applications to high-dimensional versions of the classical econometric models including the multinomial model with moment restrictions, seemingly unrelated regression equations, and single structural equation models. In our analysis, both the parameter dimension and the number of moments are increasing with the sample size.

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28
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appendix boundary found by appendix_titled_section at “Appendix A: Technical Results” · 40% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Ghosal, S (2000) Asymptotic normality of posterior distributions for exponential families when the number of parameters tends to infinity0.93717582%
2Zellner, A (1962) An efficient method of estimating seemingly unrelated regressions and tests of aggregation bias0.7374350%
3Portnoy, S (1988) Asymptotic behavior of likelihood methods for exponential families when the number of parameters tends to infinity0.6936433%
4van Garderen, K. J (1997) Curved Exponential Models in Econometrics0.6443267%
5Chamberlain, G (1987) Asymptotic efficiency in estimation with conditional moment restrictions0.64422100%
6Imbens, G. W (1997) One-step estimators for over-identified generalized method of moments models0.64422100%
7Zellner, A (1971) An Introduction to Bayesian Inference in Econometrics0.64422100%
8Efron, B (1978) The Geometry of Exponential Families0.51121100%
9Belloni, A. and V. Chernozhukov (2009) On the Computational Complexity of MCMC-based Estimators in Large Samples self0.40511100%
10Bontemps, D (2011) Bernstein-von Mises theorems for Gaussian regression with increasing number of regressors0.40511100%

Showing the top 10 of 46 scored citations.