Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs
نویسندگان
چکیده
We present a general framework for Bayesian estimation and causality assessment in epidemiological models. The key to our approach is the use of sequential Monte Carlo methods evaluate likelihood generic model. Once we have likelihood, specify priors rely on Markov chain sample from posterior distribution. show how simulation outputs as inputs exercises assessment. apply Belgian data COVID-19 epidemic during 2020. Our estimated time-varying-parameters SIRD model captures dynamics very well, including three waves infections. (true) number new cases time-varying effective reproduction information structural vector autoregressions local projections. document additional government-mandated mobility curtailments would reduced deaths at zero cost or small terms output.
منابع مشابه
Color Estimation Error Trade-offs
Digital imager sensor responses must be transformed to calibrated (human) color representations for display or print reproduction. Errors in these color rendering transformations can arise from a variety of sources, including (a) noise in the acquisition process (including photon noise and sensor noise) and (b) sensor spectral responsivities inconsistent with those of the human cones. These err...
متن کاملComplexity of Efficiency-Revenue Trade-offs in Bayesian Auctions
When agents with independent priors bid for a single item, Myerson’s optimal auction maximizes expected revenue, whereas Vickrey’s second-price auction optimizes social welfare. We address the natural question of trade-offs, auctions that optimize revenue without losing too much welfare, say. If one allows for randomized mechanisms, it is easy to see that there are polynomial-time mechanisms th...
متن کاملCausality theory for policy uses of epidemiological measures
This paper provides an introduction to measures of causal effects and focuses on underlying conceptual models, definitions and drawbacks of special relevance to policy formulation based on epidemiological data. It begins by describing a foundation for critical analysis based on counterfactuals and potential outcomes. It then describes analyses based on hypothetical outcome removal and rejects t...
متن کاملAdaptation and mitigation: trade-offs in substance and methods
Adaptation to climate change and mitigation of climate change are policy substitutes, as both reduce the impacts of climate change. Adaptation and mitigation should therefore be analysed together, as they indeed are, albeit in a rudimentary way, in cost-benefit analyses of emission abatement. However, adaptation and mitigation are done by different people operating at different spatial and temp...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3819098