The area of exponential random walk and partial sums of uniform order statistics

dc.creatorVysotsky, Vladislav
dc.date2006-12-17
dc.date2007-05-14
dc.date.accessioned2026-07-07T08:01:05Z
dc.date.available2026-07-07T08:01:05Z
dc.descriptionLet S_i be a random walk with standard exponential increments. We call \sum_{i=1}^k S_i its k-step area. The random variable V = \inf_{k \ge 1} \frac{2}{k(k+1)} \sum_{i=1}^k S_i plays important role in the study of so-called one-dimensional sticky particles model. We find the distribution of V and prove that P(V > t) = \sqrt{1-t} exp(-t/2) for t in [0,1]. We also show that the variables \min_{1 \le k \le n} \frac{2n}{k(k+1)} \sum_{i=1}^k U_{i, n} converge in distribution to V. Here U_{i, n} are the order statistics of n i.i.d. random variables uniformly distributed on [0,1].
dc.descriptionAdded one reference; corrected few typos; added one sentence to Proposition 1
dc.identifierhttps://arxiv.org/abs/math/0612490
dc.identifierhttp://arxiv.org/abs/math/0612490
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/128839
dc.subjectProbability
dc.subject60G50 (primary), 62G30 (secondary)
dc.titleThe area of exponential random walk and partial sums of uniform order statistics
dc.typetext

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