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An extension and implications of the inspection paradox

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  • Kremers, Walter

Abstract

If random variables are observed until their sum first exceeds a constant then the "inspection paradox" is that XN is stochastically larger than X1. We generalize the inspection paradox, show a stochastic ordering of X1,...XN, and then interpret and consider ramifications of this stochastic ordering.

Suggested Citation

  • Kremers, Walter, 1988. "An extension and implications of the inspection paradox," Statistics & Probability Letters, Elsevier, vol. 6(4), pages 269-273, March.
    • Handle: RePEc:eee:stapro:v:6:y:1988:i:4:p:269-273
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    Cited by:

    1. Kamps, Udo, 1996. "On a renewal process average," Stochastic Processes and their Applications, Elsevier, vol. 62(2), pages 347-349, July.

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