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Suggestion: Bayesian median of means

Open ParadaCarleton opened this issue 3 years ago • 1 comments

As laid out here, the Bayesian median of means is a robust but always-consistent estimator of the mean (unlike e.g. the median). It applies the Bayesian bootstrap to the data to create a posterior distribution, then uses the median of the posterior. BRMS suggests using robust estimators when setting weakly-informative priors; maybe this is a good option for centering data? I might add this later on if that’s ok with you guys.

ParadaCarleton avatar Sep 16 '22 21:09 ParadaCarleton

For me it is OK, but are we clear that this is a good default? I have not seem it implemented in other formula Bayes packages like brms or bambi.

storopoli avatar Sep 19 '22 16:09 storopoli