Bayesian analysis of complex models based on stochastic processes has in recent years become a growing area. This book provides a unified treatment of Bayesian

This book presents in detail methodologies for the Bayesian estimation of sing- regime and regime-switching GARCH models. These models are widespread and essent

A risk measurement and management framework that takes model risk seriously Most financial risk models assume the future will look like the past, but effective

The financial systems in most developed countries today build up a large amount of model risk on a daily basis. However, this is not particularly visible as the

This book provides an accessible approach to Bayesian computing and data analysis, with an emphasis on the interpretation of real data sets. Following in the tr