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On the restrictiveness of the hazard rate order

Abstract

Every element θ=(θ1,,θn)\theta=(\theta_1,\ldots,\theta_n) of the probability nn-simplex induces a probability distribution PθP_\theta of a random variable XX that can assume only a finite number of real values x1<<xnx_1 < \cdots < x_n by defining Pθ(X=xi)=θi,1inP_\theta(X=x_i) = \theta_i, 1\leq i \leq n. We show that if Θ\Theta and Θ\Theta' are two random vectors uniformly distributed on Δn\Delta^n, then P(PΘhrPΘ)=12n1P(P_\Theta\leq_{\rm hr} P_{\Theta'})=\frac{1}{2^{n-1}} where hr\leq_{\rm hr} denotes the hazard rate order.

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