On the Development of Probability Matching Priors for Non-regular Pareto Distribution

Lee, Woo Dong;Kang, Sang Gil;Cho, Jang Sik

  • 발행 : 2003.08.01


In this paper, we develop the probability matching priors for the parameters of non-regular Pareto distribution. We prove the propriety of joint posterior distribution induced by probability matching priors. Through the simulation study, we show that the proposed probability matching Prior matches the coverage probabilities in a frequentist sense. A real data example is given.


Pareto Distribution;Noninformative Prior;Probability Matching Prior;Non-regular Case


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