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Creators/Authors contains: "Rao, Vinayak A."

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  1. ; ; (, Stat)
    This paper establishes the asymptotic consistency of theloss‐calibrated variational Bayes(LCVB) method. LCVB is a method for approximately computing Bayesian posterior approximations in a “loss aware” manner. This methodology is also highly relevant in general data‐driven decision‐making contexts. Here, we establish the asymptotic consistency of both the loss‐ calibrated approximate posterior and the resulting decision rules. We also establish the asymptotic consistency of decision rules obtained from a “naive” two‐stage procedure that first computes a standard variational Bayes approximation and then uses this in the decision‐making procedure. 
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