Limit theorems for randomly selected adjacent order statistics from a Pareto distribution (Q2368465)
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scientific article; zbMATH DE number 5019295
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| English | Limit theorems for randomly selected adjacent order statistics from a Pareto distribution |
scientific article; zbMATH DE number 5019295 |
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Limit theorems for randomly selected adjacent order statistics from a Pareto distribution (English)
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19 April 2006
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Summary: Consider independent and identically distributed random variables \(\{X_{nk},\;1\leq k\leq m, n \geq 1\}\) from the Pareto distribution. We randomly select two adjacent order statistics from each row, \(X_{n(i)}\) and \(X_{n(i+1)}\), where \(1\leq i \leq m-1\). Then, we test to see whether or not strong and weak laws of large numbers with nonzero limits for weighted sums of the random variables \(X_{n(i+1)}/X_{n(i)}\) exist, where we place a prior distribution on the selection of each of these possible pairs of order statistics.
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