Lecture PDF: https://www.dropbox.com/s/kyj64qdcsik2rp5/Lec17-PriorModeling.pdf?dl=0
Prior modeling; Conjugate priors; Exponential family of distributions;
Mixture of conjugate priors; Limitations of Conjugate Priors;
Non-informative priors; Translation and scale invariant uninformative priors;
Improper priors; Jeffrey’s prior; Pros and cons of improper priors;
Lack of robustness of the normal prior.
