On the asymptotic behavior of the expectation of the maximum of i.i.d. random variables

Correa J.R.; Romero M.

Keywords: Asymptotics; Expectation of the maximum; I.i.d. random variables

Abstract

We study the asymptotic behavior of the expectation of the maximum of n i.i.d. random variables drawn from a fixed distribution F, with finite expectation. In this setting, Downey (1990) [4] showed that this expectation grows as o(n). We provide an alternative simpler proof of Downey's result together with a tight lower bound.

Más información

Título según SCOPUS: On the asymptotic behavior of the expectation of the maximum of i.i.d. random variables
Título de la Revista: OPERATIONS RESEARCH LETTERS
Volumen: 49
Número: 5
Editorial: Elsevier B.V.
Fecha de publicación: 2021
Página final: 786
Idioma: English
DOI:

10.1016/j.orl.2021.08.009

Notas: SCOPUS