Randomly weighted sums of subexponential random variables with application to ruin theory

Authors
  • Q. Tang
  • G. Tsitsiashvili
Publication date 2003
Journal Extremes
Volume | Issue number 6 | 3
Pages (from-to) 171-188
Number of pages 18
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract Let {X k , 1 k n} be n independent and real-valued random variables with common subexponential distribution function, and let {k, 1 k n} be other n random variables independent of {X k , 1 k n} and satisfying a k b for some 0 < a b < for all 1 k n. This paper proves that the asymptotic relations P (max1 m n k=1 m k X k > x) P (sum k=1 n k X k > x) sum k=1 n P ( k X k > x) hold as x . In doing so, no any assumption is made on the dependence structure of the sequence { k , 1 k n}. An application to ruin theory is proposed.
Document type Article
Language English
Published at https://doi.org/10.1023/B:EXTR.0000031178.19509.57
Permalink to this page
Back