Extinction in a branching process: why some of the fittest strategies cannot guarantee survival
From MaRDI portal
(Redirected from Publication:499761)
Abstract: The fitness of a biological strategy is typically measured by its expected reproductive rate, the first moment of its offspring distribution. However, strategies with high expected rates can also have high probabilities of extinction. A similar situation is found in gambling and investment, where strategies with a high expected payoff can also have a high risk of ruin. We take inspiration from the gambler's ruin problem to examine how extinction is related to population growth. Using moment theory we demonstrate how higher moments can impact the probability of extinction. We discuss how moments can be used to find bounds on the extinction probability, focusing on s-convex ordering of random variables, a method developed in actuarial science. This approach generates "best case" and "worst case" scenarios to provide upper and lower bounds on the probability of extinction. Our results demonstrate that even the most fit strategies can have high probabilities of extinction.
Recommendations
Cites work
- Bounds on gambler's ruin probabilities in terms of moments
- Branching processes in biology
- Discrete s-convex extremal distributions: theory and applications
- Extremal generators and extremal distributions for the continuous \(s\)-convex stochastic orderings
- Gambler's ruin revisited: the effects of skew and large jackpots
- Improved analytical bounds for gambler's ruin probabilities
- On \(s\)-convex stochastic extrema for arithmetic risks
- Population dynamics in variable environments. I. Long-run growth rates and extinction
- Series expansions of probability generating functions and bounds for the extinction probability of a branching process
- Some new classes of stochastic order relations among arithmetic random variables, with applications in actuarial sciences
- Stochastic orders
- The Differential Equations of Birth-and-Death Processes, and the Stieltjes Moment Problem
- The discrete moment problem and linear programming
Cited in
(1)
This page was built for publication: Extinction in a branching process: why some of the fittest strategies cannot guarantee survival
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q499761)