A new continuous distribution and two new families of distributions based on the exponential
By: by Guillermina Jasso, Samuel Kotz.
Contributors: Kotz, Samuel.
Series: Discussion paper -- no. 2598; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2598
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Social status.; Income distribution.
Description: "Recent work on social status led to derivation of a new continuous distribution based on the exponential. The new variate, termed the ring(2)-exponential, in turn leads to derivation of two closely-related new families of continuous distributions, which we call the mirror-exponential and the ring-exponential. Both the standard exponential and the ring(2)-exponential are special cases of both the new families. In this paper, we first focus on the ring(2)-exponential, describing its derivation and examining its properties, and next introduce the two new families, describing their derivation and initiating exploration of their properties. The mirror-exponential arises naturally in the study of status; the ring-exponential arises from the mathematical structure of the ring(2)-exponential. Both have potential for broad application in diverse contexts across science and engineering, including the physical and social sciences as well as finance, information processing, and communication. Within sociobehavioral contexts, the new mirror-exponential may have application to the problem of approximating the form and inequality of the wage distribution"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 4/20/2007.

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