A note on the posterior risk of the entropy loss function

Abstract

Scholars have discussed the Bayesian estimation and their corresponding posterior risks for the Lindley distribution parameter, respectively, using seven different loss functions, where the posterior risk under entropy loss function (ELF) is not correct. In this paper, we will derive the Bayesian estimation and its corrected posterior risk under the entropy loss function. Moreover, the Bayesian estimations and their posterior risks of binomial distribution parameter under the entropy loss function and squared error loss function are respectively developed. Monte Carlo simulation example and application example are provided for illustrative purposes, and results are compared based on posterior risk.