We conduct an asymptotic risk analysis of the nonlocal means image denoising algorithm for the Horizon class of images that are piecewise constant with a sharp edge discontinuity. We prove that the mean square risk of an optimally tuned nonlocal means algorithm decays according to n(-1) log (1/2+epsilon) n, for an n-pixel image with epsilon greater than 0. This decay rate is an improvement over some of the predecessors of this algorithm, including the linear convolution filter, median filter, and the SUSAN filter, each of which provides a rate of only n(-2/3). It is also within a logarithmic factor from optimally tuned wavelet thresholding. However, it is still substantially lower than the optimal mimimax rate of n(-4/3).
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