Published In

Bayesian Analysis

Document Type

Article

Publication Date

2025

Subjects

Regression analysis, Bayesian methods, Bayesian statistical decision theory

Abstract

This paper introduces a general and principled construction of model space priors with a focus on regression problems. The proposed formulation regards each model as a “local” null hypothesis whose alternatives are the set of models that nest it. Assuming constant ratio of prior probabilities for any “local” null and its alternatives provides a natural isomorphism of model spaces (like a matryoshka doll), constituting an intuitive way to correct for multiplicity in Bayesian model selection and averaging problems. This isomorphism yields the Poisson distribution as the unique limiting distribution over model dimension under mild assumptions. We compare this model space prior theoretically and in simulations to widely adopted Beta-Binomial constructions. We show that the proposed prior yields a “just-right” multiplicity correction that induces a desirable complexity penalization profile.

Rights

Copyright 2025 The Authors.

Licensed under CC BY 4.0

Locate the Document

https://doi.org/10.1214/25-BA1580

DOI

10.1214/25-BA1580

Persistent Identifier

https://archives.pdx.edu/ds/psu/44428

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