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Optimal shrinkage straight from the signal-to-noise ratio

You shrink a noisy estimate xx toward an anchor bb using μ^=wx+(1w)b\hat\mu = w\,x + (1-w)\,b. Instead of the raw numbers, you are told the signal-to-noise ratio, defined as the squared distance from the anchor over the noise variance: SNR=d2/σ2=3\text{SNR} = d^2/\sigma^2 = 3.

What weight ww minimizes the mean squared error?

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