Bayesian inference for pareto populations

https://doi.org/10.1016/0304-4076(83)90047-7Get rights and content

Abstract

Bayesian techniques for samples from classical, generalized and multivariate Pareto distributions are described. We place emphasis on choosing proper prior distributions that do not lead to anomalous posterior densities.

References (12)

  • B.C. Arnold

    Pareto distributions

    Preliminary version of a monograph

    (1982)
  • B.C. Arnold et al.

    On generalized Pareto distributions with applications to income data

    International studies in economics

    (1977)
  • B.M. Hill

    A simple general approach to inference about the tail of a distribution

    Annals of Statistics

    (1975)
  • T. Lwin

    Estimating the tail of the Paretian law

    Skand. Aktuarietidskrift

    (1972)
  • H.J. Malik

    Bayesian estimation of the Paretian index

    Skand. Aktuarietidskrift

    (1970)
  • K.V. Mardia

    Multivariate Pareto distributions

    Annals of Mathematical Statistics

    (1962)
There are more references available in the full text version of this article.

Cited by (0)

We are grateful to Mr. S. Ganeshalingam for computational assistance in preparing the tables.

View full text