Table 3.

Simulation scheme II results, presenting summary statistics (mean, median and standard deviation) of estimation (left panel) and classification (right panel) errors, corresponding to the three competing shrinkage priors, i.e., horseshoe prior, horseshoe+ prior and Laplace prior

(a) Estimation Error
Prior	Mean	Median	SD
Bayes Lasso	0.447	0.446	0.0167
HS	0.438	0.440	0.0221
HS+	0.421	0.423	0.0254

(b) Classification Error
Prior	Mean	Median	SD
Bayes Lasso	0.0102	0.010	0.00332
HS	0.0084	0.0075	0.00342
HS+	0.0105	0.010	0.00315