Let X1, X2 be a random sample from the Cauchy distribution with pdf Consider the non-informative prior

Question:

Let X1, X2 be a random sample from the Cauchy with pdf

Consider the non-informative prior h(Î¸1, Î¸2) ˆ 1 on that support. Obtain the posterior pdf (except for constants) of Î¸1, Î¸2 if x1 = 3 and x2 = 7. For estimates, find Î¸1, Î¸2 that maximizes this posterior pdf; that is, find the mode of that posterior.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...