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The shape of the hazard rate for finite continuous-time birth-death processes

Author

Listed:
  • Crossman, Richard J.
  • Coolen-Schrijner, Pauline
  • Coolen, Frank P.A.

Abstract

We consider the suggestion that the shape of a hazard rate can be predicted from the quasi-stationary distribution of the process, demonstrate that this hypothesis requires specific conditions, and both eliminate and suggest methods by means of which these predictions might be made.

Suggested Citation

  • Crossman, Richard J. & Coolen-Schrijner, Pauline & Coolen, Frank P.A., 2011. "The shape of the hazard rate for finite continuous-time birth-death processes," Statistics & Probability Letters, Elsevier, vol. 81(2), pages 181-187, February.
    • Handle: RePEc:eee:stapro:v:81:y:2011:i:2:p:181-187
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    References listed on IDEAS

    as
    1. Bawa, Vijay S., 1975. "Optimal rules for ordering uncertain prospects," Journal of Financial Economics, Elsevier, vol. 2(1), pages 95-121, March.
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