Relation Between Cumulative Residual Entropy and Excess Wealth Transform with Applications to Reliability and Risk
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Abstract Dynamic cumulative residual entropy is a new addition to the class of information measures. In the present paper, we study its relationship with excess wealth transform and derive some identities connecting the two using the quantile-based approach. Some theoretical results that have applications to infer ageing properties and risk measures are presented. These are used as tools to analyse real life data.
2018 ◽
Vol 34
(1)
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pp. 92-111
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2020 ◽
pp. 1-26
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2014 ◽
Vol 25
(4)
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pp. 233-238
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2019 ◽
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