{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,4,4]],"date-time":"2022-04-04T13:30:57Z","timestamp":1649079057499},"reference-count":0,"publisher":"Cambridge University Press (CUP)","issue":"2","license":[{"start":{"date-parts":[[2001,3,3]],"date-time":"2001-03-03T00:00:00Z","timestamp":983577600000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/www.cambridge.org\/core\/terms"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Econom. Theory"],"published-print":{"date-parts":[[2001,4]]},"abstract":"<jats:p>In this paper the authors extend results by Harvey \nand Zhou (1990, <jats:italic>Journal of Financial Econometrics<\/jats:italic> \n26, 221\u2013254) and Kandel, McCulloch, and Stambaugh \n(1995, <jats:italic>Review of Financial Studies<\/jats:italic> 8(1), 1\u201353) \nto derive the posterior distribution of a key parameter \nin a Bayesian analysis of asset pricing models. It is shown \nthat this distribution depends upon the same terms that \nconstitute the standard asset pricing test of Jobson and \nKorkie (1985, <jats:italic>Canadian Journal of Administrative Science<\/jats:italic> \n12, 114\u2013138). Contrary to the view held by other \nauthors, we find straightforward expressions for the posterior \ndistribution that can be calculated without resorting to \nMonte Carlo methods.<\/jats:p>","DOI":"10.1017\/s0266466601172099","type":"journal-article","created":{"date-parts":[[2002,7,27]],"date-time":"2002-07-27T13:45:46Z","timestamp":1027777546000},"page":"475-482","source":"Crossref","is-referenced-by-count":0,"title":["A NOTE ON BAYESIAN INFERENCE IN ASSET PRICING"],"prefix":"10.1017","volume":"17","author":[{"given":"J.L.","family":"Knight","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"S.E.","family":"Satchell","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"56","published-online":{"date-parts":[[2001,3,3]]},"container-title":["Econometric Theory"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.cambridge.org\/core\/services\/aop-cambridge-core\/content\/view\/S0266466601172099","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,4,8]],"date-time":"2019-04-08T19:29:05Z","timestamp":1554751745000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.cambridge.org\/core\/product\/identifier\/S0266466601172099\/type\/journal_article"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2001,3,3]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2001,4]]}},"alternative-id":["S0266466601172099"],"URL":"https:\/\/doi.org\/10.1017\/s0266466601172099","relation":{},"ISSN":["0266-4666","1469-4360"],"issn-type":[{"value":"0266-4666","type":"print"},{"value":"1469-4360","type":"electronic"}],"subject":[],"published":{"date-parts":[[2001,3,3]]}}}