Fractional stable distributions (Q1600589): Difference between revisions

A limit theorem for a one-dimensional continuous time random walk (CTRW) with infinite-mean waiting times and independent particle jumps in the domain of normal attraction of a strictly stable law is presented. It is shown that the limiting distribution of the normalized CTRW is represented by the fraction of powers of stable laws, called fractional stable laws. Moreover, if the particle jumps are nonnegative, a first passage time result is also obtained. The paper includes formulas of the densities of various cases of fractional stable laws in terms of special functions.