Restrict Estimates to the Possible Values?

Authors
Citation
R. Blyth, Colin, Restrict Estimates to the Possible Values?, American statistician , 47(1), 1993, pp. 73-75
Journal title
ISSN journal
00031305
Volume
47
Issue
1
Year of publication
1993
Pages
73 - 75
Database
ACNP
SICI code
Abstract
Restricting estimates to the parameter space does not eliminate impossible values: zero-likelihood values must also be ruled out.For unbounded models with likelihoods never zero, this suggests ruling out values with extremely small likelihoods.which would rule out James-Stein and Shrinkage estimators.Restriction to a space that is not closed and convex can be inappropriate.