On the Mean Residual Life of Cantor-Type Distributions: Properties and Economic Applications
In this paper, we consider the mean residual life (MRL) function of the Cantor distribution and study its properties. We show that the MRL function is continuous at all points, locally decreasing at all points outside the Cantor set and has a unique fixed point which we explicitly determine. These...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Austrian Statistical Society
2021-07-01
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| Series: | Austrian Journal of Statistics |
| Online Access: | https://www.ajs.or.at/index.php/ajs/article/view/1118 |