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We derive an asymptotic expansion for the distribution of a compound sum of independent random variables, all having the same light-tailed subexponential distribution. The examples of a Poisson and geometric number of summands serve as an…

Probability · Mathematics 2007-05-23 Ph . Barbe , W. P. McCormick , C. Zhang

We establish some asymptotic expansions for infinite weighted convolutions of distributions having light subexponential tails. Examples are presented, some showing that in order to obtain an expansion with two significant terms, one needs…

Probability · Mathematics 2007-06-13 Ph. Barbe , W. P. McCormick

In this paper we consider the product of two positive independent risks $Y_1$ and $Y_2$. If $Y_1$ is bounded and $Y_2$ has distribution in the Gumbel max-domain of attraction with some auxiliary function which is regularly varying at…

Probability · Mathematics 2014-06-24 Krzysztof Dȩbicki , Julia Farkas , Enkelejd Hashorva

We consider a two dimensional reflecting random walk on the nonnegative integer quadrant. This random walk is assumed to be skip free in the direction to the boundary of the quadrant, but may have unbounded jumps in the opposite direction,…

Probability · Mathematics 2014-06-24 Masahiro Kobayashi , Masakiyo Miyazawa

In this paper, asymptotic behavior of convolution of distributions belonging to two subclasses of distributions with exponential tails are considered, respectively. The precise second-order tail asymptotics of the convolutions are derived…

Probability · Mathematics 2015-05-22 Zuoxiang Peng , Xin Liao

We consider the elliptic Ginibre ensembles in the real, complex and symplectic symmetry classes. As the matrix size tends to infinity, we derive the asymptotic behaviour of the upper tail large deviation probabilities for both the spectral…

Probability · Mathematics 2026-03-18 Sung-Soo Byun , Yong-Woo Lee , Seungjoon Oh

The residual dependence index of bivariate Gaussian distributions is determined by the correlation coefficient. This tail index is of certain statistical importance when extremes and related rare events of bivariate samples with asymptotic…

Probability · Mathematics 2013-05-14 Enkelejd Hashorva

We consider a one-dimensional random walk $S_n$ with i.i.d. increments with zero mean and finite variance. We study the asymptotic expansion for the tail distribution $\mathbf P(\tau_x>n)$ of the first passage times…

Probability · Mathematics 2024-01-19 Denis Denisov , Alexander Tarasov , Vitali Wachtel

In this paper, we consider the $(1,R)$ state-dependent reflecting random walk (RW) on the half line, allowing the size of jumps to the right at maximal $R$ and to the left only 1. We provide an explicit criterion for positive recurrence and…

Probability · Mathematics 2013-02-27 Wenming Hong , Ke Zhou

Let $(X,Y)$ be a random vector whose conditional excess probability $\theta(x,y):=P(Y\leq y | X>x)$ is of interest. Estimating this kind of probability is a delicate problem as soon as $x$ tends to be large, since the conditioning event…

Statistics Theory · Mathematics 2009-09-29 Belkacem Abdous , Anne-Laure Fougères , Kilani Ghoudi , Philippe Soulier

In this paper we derive the tail asymptotics of the product of two dependent Weibull-type risks, which is of interest in various statistical and applied probability problems. Our results extend some recent findings of Schlueter and Fischer…

Probability · Mathematics 2014-12-12 E. Hashorva , Z. Weng

We study tail behaviour of the distribution of the area under the positive excursion of a random walk which has negative drift and light-tailed increments. We determine the asymptotics for local probabilities for the area and prove a local…

Probability · Mathematics 2017-08-22 Elena Perfilev , Vitali Wachtel

Let X,Y,B be three independent random variables such that $X$ has the same distribution function as Y B. Assume that B is a Beta random variable with positive parameters a,b and Y has distribution function H. Pakes and Navarro (2007) show…

Probability · Mathematics 2013-05-14 Enkelejd Hashorva , Anthony Pakes

Reaction-diffusion process with exclusion in the presence of traps has been studied. The asymptotic survival probability for the case of uniformly distributed random traps shows a stretched e\ xponential behavior. We show that additional…

Statistical Mechanics · Physics 2015-06-17 Trilochan Bagarti , Kalyan Kundu

Random deflated risk models have been considered in recent literatures. In this paper, we investigate second-order tail behavior of the deflated risk X=RS under the assumptions of second-order regular variation on the survival functions of…

Probability · Mathematics 2013-05-14 E. Hashorva , C. Ling , Z. Peng

We study the tail asymptotics of the sum of two heavy-tailed random variables. The dependence structure is modeled by copulas with the so-called tail order property. Examples are presented to illustrate the approach. Further for each…

Risk Management · Quantitative Finance 2024-11-15 Fan Yang , Yi Zhang

Asymptotic expansions are derived for the tail distribution of the product of two correlated normal random variables with non-zero means and arbitrary variances, and more generally the sum of independent copies of such random variables.…

Probability · Mathematics 2025-05-27 Robert E. Gaunt , Zixin Ye

We reconsider a classical, well-studied problem from applied probability. This is the max-sum equivalence of randomly weighted sums, and the originality is because we manage to include interdependence among the primary random variables, as…

We compute the tail asymptotics of the product of a beta random variable and a generalized gamma random variable which are independent and have general parameters. A special case of these asymptotics were proved and used in a recent work of…

Probability · Mathematics 2015-09-10 Jim Pitman , Miklos Z. Racz

Gaussian random vectors exhibit the loss of dimension phenomena, which relate to their joint survival tail behaviour. Besides, the fact that the components of such vectors are light-tailed complicates the approximations of various…

Risk Management · Quantitative Finance 2018-10-09 E. Hashorva