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A limit theorem for random walks with drift

Published online by Cambridge University Press:  14 July 2016

C. C. Heyde
C. C. Heyde*
Affiliation:
University of Sheffield and Aarhus University
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Let Xi , i = 1, 2, 3, … be a sequence of independent and identically distributed random variables. Write and for x ≧ 0 define M(x) + 1 is then the first passage time out of the interval (– ∞, x] for the random walk process Sn.

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Type
Research Papers
Information
Journal of Applied Probability , Volume 4 , Issue 1 , November 1967, pp. 144 - 150
Copyright
Copyright © Applied Probability Trust 

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