(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

Let X~U(0,1). Let the loss function be L(x,y) = (x-y)^4.

a. Compute the risk function R(y) here explicitly. What kind of function is it here?

2. Relevant equations

let Y=1/2

3. The attempt at a solution

I know you have to find the first and second derivatives of the loss function.

dL(X,y)/dy= -4(x-y)^3

d^2L(X,y)/dy^2= 12(x-y)^2

I don't know where to go from here though. Any help would be much appreciated!

1. The problem statement, all variables and given/known data

2. Relevant equations

3. The attempt at a solution

1. The problem statement, all variables and given/known data

2. Relevant equations

3. The attempt at a solution

1. The problem statement, all variables and given/known data

2. Relevant equations

3. The attempt at a solution

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# Homework Help: Risk Theory-computing the risk function

Can you offer guidance or do you also need help?

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