Abstract

The object of this study is to study the Bayes estimation of the unknown shape parameter of Minimax distribution. The prior distribution used here is the non-informative quasi-prior of the parameter. Bayes estimators are derived under squared error loss function and three asymmetric loss functions, which are the LINEX loss, precaution loss and entropy loss functions. Monte Carlo simulations are performed to compare the performances of these Bayes estimates under different situations. Finally, we summarize the result and give the conclusion of this study.

Keywords:

Bayes estimator, entropy loss, LINEX loss, minimax distribution, precautionary loss, squared error loss,

References

Competing interests

The authors have no competing interests.

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Copyright

The authors have no competing interests.