Selective lack-of-memory and its application
Discussiones Mathematicae. Probability and Statistics, Tome 29 (2009) no. 1, pp. 31-39
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We say that a random variable X taking nonnegative integers has selective lack-of-memory (SLM) property with selector s if P(X ≥ n + s/X ≥ n) = P(X ≥ s) for n = 0,1,.... This property is characterized in an elementary manner by probabilities pₙ = P(X=n). An application in car insurance is presented.
Keywords:
discrete distribution, lack-of-memory, selective lack-of-memory, car insurance
@article{DMPS_2009_29_1_a1,
author = {St\k{e}pniak, Czes{\l}aw},
title = {Selective lack-of-memory and its application},
journal = {Discussiones Mathematicae. Probability and Statistics},
pages = {31--39},
publisher = {mathdoc},
volume = {29},
number = {1},
year = {2009},
language = {en},
url = {http://geodesic.mathdoc.fr/item/DMPS_2009_29_1_a1/}
}
Stępniak, Czesław. Selective lack-of-memory and its application. Discussiones Mathematicae. Probability and Statistics, Tome 29 (2009) no. 1, pp. 31-39. http://geodesic.mathdoc.fr/item/DMPS_2009_29_1_a1/