Journal of the Korean Data and Information Science Society

The Korean Data and Information Science Society (한국데이터정보과학회)
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Noninformative priors for the common scale parameter in Pareto distributions

  • Kang, Sang-Gil (Department of Computer and Data Information, Sangji University)
  • Received : 2010.01.27
  • Accepted : 2010.03.15
  • Published : 2010.03.31
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Abstract

In this paper, we develop the reference priors for the common scale parameter in the nonregular Pareto distributions with unequal shape paramters. We derive the reference priors as noninformative prior and prove the propriety of joint posterior distribution under the general prior including the reference priors. Through the simulation study, we show that the proposed reference priors match the target coverage probabilities in a frequentist sense.

Keywords

References

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