Mills' ratio: reciprocal convexity and functional inequalities

zbMATH Open1278.39032arXiv1010.3267MaRDI QIDQ4914899FDOQ4914899

Authors: Árpád Baricz 

Publication date: 15 April 2013

Abstract: This note contains sufficient conditions for the probability density function of an arbitrary continuous univariate distribution, supported on $(0,infty),$ such that the corresponding Mills ratio to be reciprocally convex (concave). To illustrate the applications of the main results, the reciprocal convexity (concavity) of Mills ratio of the gamma distribution is discussed in details.

Full work available at URL: https://arxiv.org/abs/1010.3267

Recommendations

• Mills' ratio: Monotonicity patterns and functional inequalities
• scientific article; zbMATH DE number 4052812
• Approximating Mills ratio
• Certain approximations to achieve sharp lower and upper bounds for the Mills' ratio of the inverse Gaussian distribution
• scientific article; zbMATH DE number 4133213

zbMATH Keywords

Stieltjes transformeconometricsgamma distributionfunctional inequalitiesMills' ratiomonotone form of l'Hospital's rulereciprocally convex functions

Mathematics Subject Classification ID

Multivariate distribution of statistics (62H10) Applications of statistics to economics (62P20) Functional inequalities, including subadditivity, convexity, etc. (39B62)

Cited In (6)

• On approximating Mills ratio
• Committed versus contingent pricing under cost uncertainty
• Mills' ratio: Monotonicity patterns and functional inequalities
• New sharp approximations involving incomplete gamma functions
• Title not available (Why is that?)
• Title not available (Why is that?)

This page was built for publication: Mills' ratio: reciprocal convexity and functional inequalities

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4914899)