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MLE of a shifted exponential threshold

Asked at Citadel

You observe X1,,XnX_1, \dots, X_n i.i.d. from the shifted exponential density f(x)=e(xθ)f(x) = e^{-(x - \theta)} for xθx \ge \theta (and 00 below θ\theta), where the threshold θ\theta is unknown.

Find the MLE of θ\theta, show it is biased, and correct it.

Your answer

This one is open-ended. Work it through, then check your reasoning against the full solution.

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