Bayesian Estimation of Inequality and Poverty Indices in Case of Pareto Distribution Using Different Priors under LINEX Loss Function

Table 4

Estimated loss functions for using LINEX loss function.

		Uniform prior	Jeffrey’s prior	Conjugate prior
				= 0.5; = 2	= 2; = 2
20	2.5	0.003918	0.0016639	0.0015042	0.0037360
	3.5	0.007714	0.0012619	0.0011718	0.0033510
	4.5	0.006892	0.0006375	0.0006100	0.0033324
40	2.5	0.003030	0.0012092	0.0011452	0.0013573
	3.5	0.001033	0.0007198	0.0007159	0.0016299
	4.5	0.001099	0.0003325	0.0003235	0.0011149
60	2.5	0.002237	0.0009517	0.0008915	0.0011249
	3.5	0.001652	0.0004774	0.0004483	0.0008925
	4.5	0.001019	0.0002165	0.0002040	0.0005813
80	2.5	0.001769	0.0007372	0.0007191	0.0009047
	3.5	0.001163	0.0003889	0.0003795	0.0006315
	4.5	0.000659	0.0001677	0.0001622	0.0003924
100	2.5	0.001009	0.0006512	0.0005704	0.0007186
	3.5	0.000465	0.0002854	0.0002770	0.0004269
	4.5	0.000287	0.0001354	0.0001240	0.0002843