eprintid: 1321 rev_number: 17 eprint_status: archive userid: 2 dir: disk0/00/00/13/21 datestamp: 2015-02-23 10:00:48 lastmod: 2015-08-17 08:04:33 status_changed: 2015-04-27 12:10:41 type: monograph metadata_visibility: show creators_name: Kijko, Andrzej creators_id: andrzej.kijko@up.ac.za corp_creators: Aon-Benfield Natural Hazard Centre, University of Pretoria title: Flaw in the EPRI Procedure for the Maximum Earthquake Magnitude Estimation and its Correction ispublished: unpub subjects: MP2_2 subjects: MP3_1 divisions: EPOS-P full_text_status: none monograph_type: documentation abstract: It has been shown that the EPRI, Bayesian procedure for the estimation of the regional, maximum possible earthquake magnitude m_max , (Cornell, 1994; EPRI NP- 4726), provides value of m^_max, which is biased and systematically underestimated. The value of underestimation can be as big as 0.5 unit of magnitude. The bias is caused by the fact that one of the components of the posterior likelihood function is the sample likelihood function, for which, the range of observations (earthquake magnitudes) depends on the unknown parameter m max . Such dependence violates the rule of optimal properties of the maximum likelihood estimators: so the built likelihood function has its maximum at the maximum observed earthquake magnitude obs_m_max, not at required maximum possible magnitude m max. A possible correction to the current EPRI procedure is also presented. date: 2009 date_type: completed publication: Flaw in the EPRI Procedure for the Maximum Earthquake Magnitude Estimation and its Correction publisher: None place_of_pub: Africa institution: University of Pretoria refereed: FALSE access_IS-EPOS: limited citation: Kijko, Andrzej (2009) Flaw in the EPRI Procedure for the Maximum Earthquake Magnitude Estimation and its Correction. Documentation. None, Africa. (Unpublished)