Journal of the Korean Data and Information Science Society

한국데이터정보과학회 (The Korean Data and Information Science Society)
권호 표지

Noninformative priors for Pareto distribution

  • Kim, Dal-Ho (Department of Statistics, Kyungpook National University) ;
  • Kang, Sang-Gil (Department of Applied Statistics, Sangji University) ;
  • Lee, Woo-Dong (Department of Asset Management, Daegu Haany University)
  • 발행 : 2009.11.30
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초록

In this paper, we develop noninformative priors for two parameter Pareto distribution. Specially, we derive Jereys' prior, probability matching prior and reference prior for the parameter of interest. In our case, the probability matching prior is only a first order matching prior and there does not exist a second order matching prior. Some simulation reveals that the matching prior performs better to achieve the coverage probability. A real example is also considered.

키워드

참고문헌

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