Research Article

On Modeling the Earthquake Insurance Data via a New Member of the T-X Family

Table 10

Bayesian estimates and their posterior risks of the parameters under different loss functions based on the earthquake insurance data.

Bayes
Loss functionsEstimateRiskEstimateRiskEstimateRisk

SELF2.348080.000480.560780.001132.357420.08661
WSELF2.347870.000200.558760.002012.321620.03580
MSELF2.347668.90e − 050.556750.003592.286860.01497
PLF2.348190.000200.561790.002022.375720.03659
KLF2.347988.879e − 050.559770.003602.339450.01536