BL03 Bayes

Part I: Basic Bayes Formula -- Part II: Simple Random Sampling

This is a two part lecture on elementary statistical concepts required to study Bayesian Econometrics.

Part 1: Describes the Bayes Formula in the simplest possible setting.

Part 2: Basic Formulas for Random Sampling from a Population in terms of a Binomial Model

Main Lecture on YouTube: (also linked below): BE L03: Bayes Formula + Random Sampling

BACKGROUND: (Links given below)

  1. Watch ISM Lec 12 on Discrete Random Variable and Binomials

  2. Watch ISM Lec 13 on Binomials and Asymptotics

FURTHER DETAILS AND EXTENSION: Chapter 19 on Survey Sampling, in Statistics by Freedman, Pisani and Purves (attached below)

ISM L13: Binomials and Asymptotics - Advanced Topics on Binomials and large sample theory

ISM L12: Discrete Random Variables and Binomials - Introductory lecture on basic probability concepts and Binomial Random Variables

BE L03: Bayes Formula + Random Sampling - Video Lecture (1) Basics of Bayes Formula (2) Binomial Model for elementary random sampling