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Linear and Quadratic Functionals of RandomHazard rates: an Asymptotic Analysis

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Author Info
Giovanni Peccati ()
Igor Prünster ()
Abstract

A popular Bayesian nonparametric approach to survival analysis consists in modeling hazard rates as kernel mixtures driven by a completely random measure. In this paper we derive asymptotic results for linear and quadratic functionals of such random hazard rates. In particular, we prove central limit theorems for the cumulative hazard function and for the path--second moment and path--variance of the hazard rate. Our techniques are based on recently established criteria for the weak convergence of single and double stochastic integrals with respect to Poisson random measures. We illustrate our results by considering specific models involving kernels and random measures commonly exploited in practice.

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File URL: http://www.icer.it/docs/wp2006/ICERwp33-06.pdf
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Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers - Applied Mathematics Series with number 33-2006.

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Length: 38 pages
Date of creation: Jul 2006
Date of revision:
Handle: RePEc:icr:wpmath:33-2006

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Related research
Keywords: Asymptotics; Bayesian Nonparametrics; Central limit theorem; Path–variance; Random hazard rate; Survival analysis; Completely random measure; Multiple Wiener-Ito integral.;

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  1. Ishwaran, Hemant & James, Lancelot F., 2004. "Computational Methods for Multiplicative Intensity Models Using Weighted Gamma Processes: Proportional Hazards, Marked Point Processes, and Panel Count Data," Journal of the American Statistical Association, American Statistical Association, vol. 99, pages 175-190, January. [Downloadable!] (restricted)
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This page was last updated on 2009-12-21.


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