Show simple item record

FieldValueLanguage
dc.contributor.authorIkefuji, Masako
dc.contributor.authorMagnus, Jan R.
dc.contributor.authorVasnev, Andrey L.
dc.date.accessioned2023-11-03T03:55:22Z
dc.date.available2023-11-03T03:55:22Z
dc.date.issued2023en
dc.identifier.otherC11, C52, C83, Q54
dc.identifier.urihttps://hdl.handle.net/2123/31835
dc.description.abstractIn Bayesian theory, the data together with the prior produce a posterior. We show that it is also possible to follow the opposite route, that is, to use data and posterior information (both of which are observable) to reveal the prior (which is not observable). We then apply the theory to equilibrium climate sensitivity as reported by the Intergovernmental Panel on Climate Change in an attempt to get some insight into the prior beliefs of the IPCC scientists. It appears that the data contain much less information than one might think, due to the presence of correlation. We conclude that the prior in the fifth IPCC report was too low, and in the sixth report too high.en
dc.language.isoenen
dc.publisherBusiness Analytics.en
dc.rightsOtheren
dc.subjectRevealed prioren
dc.subjectclimate sensitivityen
dc.subjectdata uncertaintyen
dc.subjectcombining informationen
dc.subjectcorrelation; IPCCen
dc.titleThe role of data and priors in estimating climate sensitivityen
dc.typeWorking Paperen
usyd.facultySeS faculties schools::The University of Sydney Business School::Discipline of Business Analyticsen
workflow.metadata.onlyNoen


Show simple item record

Associated file/s

Associated collections

Show simple item record

There are no previous versions of the item available.