Solution

ID: past-exam-of-the-mathematics-course-of-the-university-of-cambridge/2025/ii/paper-3/28l/b/i/solution

The risk of a decision rule is its expected loss at a fixed parameter value:
For a prior , a Bayes estimator minimizes the integrated risk
or equivalently minimizes posterior expected loss for almost every observation. A minimax decision rule minimizes
over all decision rules.

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