English

On the restrictiveness of the hazard rate order

Probability 2020-09-08 v1 Computation

Abstract

Every element θ=(θ1,,θn)\theta=(\theta_1,\ldots,\theta_n) of the probability nn-simplex induces a probability distribution PθP_\theta of a random variable XX that can assume only a finite number of real values x1<<xnx_1 < \cdots < x_n by defining Pθ(X=xi)=θi,1inP_\theta(X=x_i) = \theta_i, 1\leq i \leq n. We show that if Θ\Theta and Θ\Theta' are two random vectors uniformly distributed on Δn\Delta^n, then P(PΘhrPΘ)=12n1P(P_\Theta\leq_{\rm hr} P_{\Theta'})=\frac{1}{2^{n-1}} where hr\leq_{\rm hr} denotes the hazard rate order.

Keywords

Cite

@article{arxiv.2009.02414,
  title  = {On the restrictiveness of the hazard rate order},
  author = {S. Fried},
  journal= {arXiv preprint arXiv:2009.02414},
  year   = {2020}
}