Statistics requires consideration of the “ideal estimates” defined through the posterior mean of fractional powers of finite measures. In this paper we study L1= , the linear space spanned by th power of finite measures, 2 (0; 1). It is shown that L1= generalizes the Lebesgue function space L1= ( ), and shares most of its important properties: It is a uniformly convex (hence reflexive) Banach s...