Approximating predictive probabilities of Gibbs-type priors (Q2023853)

From the authors' abstract: Gibbs-type random probability measures, or Gibbs-type priors, are arguably the most ``natural'' generalization of the celebrated Dirichlet prior. Among them the two parameter Poisson-Dirichlet prior certainly stands out in terms of mathematical tractability and interpretability of its predictive probabilities, which made it the natural candidate in a plethora of applications. Given a random sample of size \(n\) from an arbitrary Gibbs-type prior, we show that the corresponding predictive probabilities admit a large \(n\) approximation.