This chart was created with R.

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This is the code used to generate the plot. It could have been done more efficiently, but this way is more self-explanatory.

SpacingEstimate<-function (x) {
A1<-1-exp(-2*x)
A2<-1-exp(-4*x)
Z<-(A1)*(A2-A1)*(1-A2)
return(log(Z))
}

Likelihood<-function (x) {
A1<-x*exp(-2*x)
A2<-x*exp(-4*x)
Z<-A1*A2
return(log(Z))
}

x<-seq(0,1,.01)

plot(x,SpacingEstimate(x),main="Comparison of Estimator Values", type="l", col="blue", xaxp=c(0,1,10), lwd=2, ylab="Estimator values")
points(x, Likelihood(x), col="dark green", type="l", lwd=2)

arrows(.4, -7, .26, -8.1)
arrows(.56, -7.45, .33, -8.09)

text (x=.463, y = -6.7, labels = "Maximum Spacing Estimate:",col="red")
text (x=.45, y = -7.0, labels=expression(frac(ln(.6),-2)),col="red")

text (x=.6, y = -7.3, labels = "Maximum Likelihood Estimate:", col="purple")
text (x=.6, y = -7.6, labels=expression(frac(1,3)), col="purple")

abline(v=(log(.6)/-2), col="red")
abline(v=(1/3), col="purple")

legend ("topright", legend=c("Maximum Spacing", "Maximum Likelihood"), col = c("blue", "dark green"), lwd=2)

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