• Title/Summary/Keyword: HPD maching prior

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Noninformative Priors for the Ratio of the Failure Rates in Exponential Model

  • Cho, Jang-Sik;Baek, Sung-Uk
    • Journal of the Korean Data and Information Science Society
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    • v.13 no.2
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    • pp.217-226
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    • 2002
  • In this paper, we derive noninformative priors for the ratio of failure rates in exponential model. A class of priors is found by matching the coverage probabilities of one-sided Baysian credible interval with the corresponding frequentist coverage probabilities. And we prove that the noninformative prior matches the alternative coverage probabilities and is a HPD matching prior up to the second order. Finally, we provide simulated freqentist coverage probabilities under the derived noninformative prior for small samples.

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