Overview: Like the first two volumes, this third volume of case studies presents detailed applications of Bayesian statistical analysis, emphasizing the sci- entific context. The papers were presented and discussed at a workshop at Carnegie Mellon University, October 5-7, 1995. In this volume, which is dedicated to the memory of Morris H. DeGroot, econometric applica- tions are highlighted. There are six invited papers, each with accompany- ing invited discussion, and eight contributed papers (which were selected following refereeing). In addition, we include prefatory recollections about Morr
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