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Noninformative priors for the common mean in log-normal distributions  

Kang, Sang-Gil (Department of Computer and Data Information, Sangji University)
Publication Information
Journal of the Korean Data and Information Science Society / v.22, no.6, 2011 , pp. 1241-1250 More about this Journal
Abstract
In this paper, we develop noninformative priors for the log-normal distributions when the parameter of interest is the common mean. We developed Jeffreys' prior, th reference priors and the first order matching priors. It turns out that the reference prior and Jeffreys' prior do not satisfy a first order matching criterion, and Jeffreys' pri the reference prior and the first order matching prior are different. Some simulation study is performed and a real example is given.
Keywords
Common mean; log-normal distribution; matching prior; reference prior;
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