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Bayesians Learn while Waiting*

Published online by Cambridge University Press:  29 August 2014

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Abstract

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In many estimation problems, incomplete as well as complete samples are available for Bayesian prediction. After developing the theory for a special, but useful family of distributions, examples are given in life testing, renewal risk processes, life contingencies, and the problem of estimating a defective distribution.

Type
Research Article
Copyright
Copyright © International Actuarial Association 1979

Footnotes

*

An earlier version of this paper was presented at the 13th ASTIN Colloquium, Washington, D.C., May 1977.

References

REFERENCES

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Jewell, W. S. (1977). Bayesian Life Testing Using the Total Q on Test, chapter of Tsokos and Shimi (1977).CrossRefGoogle Scholar
Tsokos, C. P. and Shimi, I. N. (eds.) (1977). The Theory and Application of Reliability, Vol. 1, Academic Press, New York.Google Scholar