An extension and implications of the inspection paradox (Q1100814)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | An extension and implications of the inspection paradox |
scientific article |
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An extension and implications of the inspection paradox (English)
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1988
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The ``inspection paradox'' states that if \(X_ 1,X_ 2,..\). is a sequence of independent and identically distributed random variables and N is the first index such that \(X_ 1+...+X_ n\) exceeds a specified constant, then \(X_ N\) is stochastically larger than X. The author generalizes this result by showing a stochastic ordering of \(X_ 1,...,X_ N\).
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Wald's identity
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inspection paradox
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stochastically larger
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stochastic ordering
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