Admissible Estimation of a Multivariate Normal Mean
B.C. Arnold (2010). Admissible Estimation of a Multivariate Normal Mean . Journal of Statistical Research, Vol. 44, No. 1, pp. 129-134.
The James-Stein (1961) estimate of a multivariate normal mean has spawned a spectrum of related admissibility and inadmissibility results. Nevertheless it has not had much impact at the grass-roots level of applied statistics and continues to be almost totally ignored (after almost a half century) in introductory textbooks. Possible reasons for its low profile are discussed.