Model.lambda.Gammaprior_mult {systemicrisk}

Model Using Multiple Independent Components

Description

Assumes a multivariate hyperparameter \theta with each component following an independent Beta distribution. A matrix indicates which component \theta is used for what component of lambda.

Usage

Model.lambda.Gammaprior_mult(Ilambda, shape = 1, scale = 1)

Arguments

Ilambda

matrix consisting of integers that describe which component of theta is used for a given position in the matrix. Must consist of nonnegative integers using all integers in the range.

shape

shape paramer for prior on \theta. Default 1.

scale

scale paramer for prior on \theta. Default 1.

Value

the resulting model.