“It Pays to Go Bayes” [Youtube link] is a video lecture series on Bayesian Methods in Econometrics and Forecasting edited by K. Surekha Rao. This series contains twenty-four foundational lectures by prominent Bayesians Arnold Zellner, Jayanta Kumar Gosh, Prem Goel, Wolfgang Wolfgang Polasek, William Griffiths, and a few early Indian Bayesians.
An international workshop on Bayesian Methods in Econometrics and Forecasting was organized by Dr. K. Surekha Rao for promoting research and applications of Bayesian methods in India. Leading international Bayesian scholars overwhelmingly supported this initiative and participated. They delivered a series of lectures on topics ranging from the foundations of Bayesian methods to the advanced topics of modeling and forecasting. It was on the advice of Arnold Zellner that we recorded these lectures to be made available free to all current and prospective Bayesians in the world. These lectures were funded by Savage Memorial Fund of International Society for Bayesian Analysis, GE Card Services, IBM India, and the Central Statistical Organization of Government of India and Indian Statistical Institute, Bangalore. For more information, please contact: firstname.lastname@example.org.
The video lecture series contains the following:
- Overview of Bayesian Econometric Modeling and Forecasting by Arnold Zellner.
This is Jeffreys Memorial Lecture-I, first of a series of foundational lectures by Arnold Zellner, in which Zellner makes a forceful case as to why Bayesian paradigm should be the preferred choice for all researchers.
- Bayesian Method of Moments and its Applications by Arnold Zellner.
This is Jeffreys Memorial lecture-II, second in a series of foundational lectures by Arnold Zellner, based on Zellner’s seminal paper on Bayesian Method of Moments (BMOM) Analysis of Mean and Regression Models in Lee J.C., Johnson W.O., Zellner A. (eds) Modelling and Prediction Honoring Seymour Geisser. Springer, New York, NY. [link]
- Past and Present Results on Maximal Data Information Priors, MDIP by Arnold Zellner.
This is Jeffreys Memorial lecture-III, third in a series of foundational lectures by Arnold Zellner, based on Zellner’s Models, Prior information, and Bayesian Analysis. [link]
- Bayesian Forecasting and Finding the Right Model by Arnold Zellner.
This is Jeffreys Memorial lecture-IV, last in a series of foundational lectures by Arnold Zellner, based on Zellner’s extensive work on Bayesian forecasting and time series models beginning in 1974 till the very end. DOI: [https://doi.org/10.1017/CBO9780511493171.016] is one such example and his work on international growth rates is well known.