In objective Bayesian model selection, no single criterion has emerged as dominant in defining objective prior distributions. Indeed, many criteria have been separately proposed and utilized to ...

We propose a Vuong-type model-selection test for models defined by conditional moment restrictions. The moment restrictions that define the models can be standard equality restrictions that ...

The purpose of statistical model selection is to identify a parsimonious model, which is a model that is as simple as possible while maintaining good predictive ability over the outcome of interest.