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A.6 Order statistics

Note that

This shows an interesting fact: that a centered largest order statistic of a logistic distribution has a double exponential distribution.

This is related to our discussion on assessing alternative choices and to Appendix A.14 on slow variations. What is essential in the above is the fact that

See Bingham et al. (1987) or Galambos (1987).

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Source: Aoki M.. Modeling Aggregate Behaviour & Fluctuations in Economics. Cambridge: Cambridge University Press,2002. — 281 p.. 2002

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