A note on randomly evolving hazard rate functions

Zvi Schechner

Naval Research Logistics Quarterly, 1982, vol. 29, issue 4, 693-695

Abstract: Let τ be a finite stopping time with random hazard rate function (λt:t ≥ 0). We prove that στ λt dt is exponentially distributed with mean 1.

Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:29:y:1982:i:4:p:693-695

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