MRL order, log-concavity and an application to peacocks

Fuente: arXiv
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Autor principal: Bogso, Antoine Marie
Formato: Preprint
Publicado: 2015
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author Bogso, Antoine Marie
author_facet Bogso, Antoine Marie
contents We provide an equivalent log-concavity condition to the mean residual life (MRL) ordering for real-valued processes. This result, combined with classical properties of total positivity of order 2, allows to exhibit new families of integrable processes which increase in the MRL order (MRL processes). Note that MRL processes with constant mean are peacocks to which the Azéma-Yor (Skorokhod embedding) algorithm yields an explicit associated martingale.
format Preprint
id arxiv_https___arxiv_org_abs_1509_05119
institution arXiv
publishDate 2015
record_format arxiv
spellingShingle MRL order, log-concavity and an application to peacocks
Bogso, Antoine Marie
Probability
60E15, 60G44, 60J25, 32F17
We provide an equivalent log-concavity condition to the mean residual life (MRL) ordering for real-valued processes. This result, combined with classical properties of total positivity of order 2, allows to exhibit new families of integrable processes which increase in the MRL order (MRL processes). Note that MRL processes with constant mean are peacocks to which the Azéma-Yor (Skorokhod embedding) algorithm yields an explicit associated martingale.
title MRL order, log-concavity and an application to peacocks
topic Probability
60E15, 60G44, 60J25, 32F17
url https://arxiv.org/abs/1509.05119