Title: Data, Virtual Data, and Anti-Data. Author: Carlos C. Rodriguez
Author: Carlos C. Rodriguez. Abstract. \delta-priors optimize natural notions of ignorance. When the likelihood is in the exponential family the. 0-priors become ...
Title: Data, Virtual Data, and Anti-Data. Author: Carlos C. Rodriguez Abstract \delta-priors optimize natural notions of ignorance. When the likelihood is in the exponential family the 0-priors become the standard cojugate priors relative to the information volume. In this case prior information is equivalent to having \alpha > 0 extra virtual observations. On the other hand 1-priors are not conjugate and where the 0-priors add the \alpha virtual observations to the actual n sample points, the 1-priors subtract the \alpha from the n. I call this "anti-data" since \alpha of these points annihilate \alpha of the observations leaving us with a total of n-\alpha. Thus, 1-priors are more ignorant than 0-priors. True ignorance, that claims only the model and the observed data, has a price. To build the prior we must spend some of the information cash in hand. No free lunches.
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