London international financial futures and options exchange website
For direct comparisons of the models we consider within QT est, one could calculate Bayes factors (e.Klugkist and Hoijtink 2007 ) or Deviance Information Criterion (DIC) values ( Myung et al. 2005 ). Alternatively, one could carry out model selection via normalized maximum likelihood (see Davis-Stober and Brown 2011, for an application to order-restricted binomial models similar to those we consider here). All three of these are under development for a future version of QT est.