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wolfies
  • Member for 11 years, 1 month
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Distribution and moments of ratio of two beta variables?
@user14330 says; "The first raw moment of the ratio should be 1." ... It appears that your hypothesis is that if $X$ and $Y$ are iid random variables, then $E[X/Y] = 1$. Unfortunately, your hypothesis is wrong.
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Bound on probabilities of the sum of uniform order statistics
The above is all that is needed, other than the requisite software.
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Bound on probabilities of the sum of uniform order statistics
Using the mathStatica package for Mma, define the parent pdf as say: f = 1; domain[f] = {x, 0, 1}; . Then, in the $k = 2$ case, the joint pdf of the first 2 order statistics is given by: g = OrderStat[{1, 2}, f], and the desired cdf is simply: Prob[$x_1 + x_2 < z, g$]. For the first 3 order statistics, it is: g = OrderStat[{1, 2, 3}, f] etc
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Bound on probabilities of the sum of uniform order statistics
@user64494 We are interested in the joint pdf of $(X_{(1)}, X_{(2)})$ -- not just the isolated pdf of say $X_{(1)}$ on its own, and $X_{(2)}$ on its own. This is because there is dependency between $X_{(1)}$ and $X_{(2)}$ which your model is not capturing.
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Bound on probabilities of the sum of uniform order statistics
@user64494 I haven't looked at your Maple work, but your Mathematica working is incorrect: this is because it is incorrect to treat your $x$ as the 1st order statistic and your $y$ as the second order statistic ... you need the JOINT pdf of the 1st and 2nd order statistics. The OP's result seems correct to me, and very neatly stated too.
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Mathematical modelling of wealth distribution
You may also wish to look up the Loresnz Curve and the Gini Coefficient - both standard measures of statistical dispersion, variously used for modelling income or wealth inequality.
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Recovering a distribution from sample averages?
I think this is very confused. I don't agree that you can calculate the cf from some sample means; even if you had the actual theoretical moments, I don't see how you could reconstruct a closed form cf from the moments (without additional information). One cannot recover anything in the manner set out here.
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Why do we need random variables?
More pertinently, why do random variables need us?
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On the sum of uniform independent random variables
And the result should follow conceptually ... the $\text{Bates}(n)$ distribution has a constant mean at $\frac12$, and as $n$ increases, the pdf becomes more peaked ... it has variance of $\frac{1}{12n}$, so as $n$ increases, the distribution narrows and converges upon the mean , i.e. if $Z \sim \text{Bates}(n)$, then $P(Z < c)$, for $c > 1/2$ (the mean) must be increasing in $n$.
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On the sum of uniform independent random variables
You want Bates distribution ... not Irwin-Hall.
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