Hii all Please anyone explain the qus. attached below. I didn't get the second parameter in both parts. How it comes max(ß,y1) and max(ß;y1,y2,....,yn)?
Prior beliefs are θ > β. Now if y1 > β, then we get the info. that θ > y1 as θ is the upper limit of the distribution. Else θ > β (same as prior)
