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

Table 2

Estimated loss functions for G using LINEX loss function.

		Uniform prior	Jeffrey’s prior	Conjugate prior
				= 0.5; = 2	= 2; = 2
20	2.5	0.003944	0.0031157	0.002672	0.057322
	3.5	0.000849	0.0007378	0.000700	0.016733
	4.5	0.000671	0.0005303	0.000463	0.009637
40	2.5	0.001503	0.0011873	0.000963	0.008362
	3.5	0.000642	0.0005590	0.000516	0.003782
	4.5	0.000314	0.0002975	0.000197	0.002782
60	2.5	0.000811	0.0007397	0.000692	0.006373
	3.5	0.000415	0.0003852	0.000319	0.001783
	4.5	0.000200	0.0001726	0.000159	0.000873
80	2.5	0.000687	0.0006286	0.000586	0.002637
	3.5	0.000298	0.0002746	0.000189	0.000978
	4.5	0.000141	0.0001403	0.000116	0.000512
100	2.5	0.000611	0.0005395	0.000483	0.001032
	3.5	0.000231	0.0002250	0.000102	0.000822
	4.5	0.000115	0.0001073	0.000083	0.000421