Communications for Statistical Applications and Methods

The Korean Statistical Society (한국통계학회)
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On the Development of Probability Matching Priors for Non-regular Pareto Distribution

  • Lee, Woo Dong (Faculty of Information and Science, Daegu Haany University) ;
  • Kang, Sang Gil (Department of Applied Statistics, Sangji University) ;
  • Cho, Jang Sik (Department of Statistical Information Science, Kyungsung University)
  • Published : 2003.08.01
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Abstract

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.

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References

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