Bassan, Bruno; Rinott, Yosef; Vardi, Yehuda - Center for the Study of Rationality, Hebrew University … - 2002
A stationary renewal process based on iid random variables $X_i$ is observed at a given time. The excess time, that is, the residual time until the next renewal event, is of course smaller than the total current $X$ which consists of the residual time plus the current age. Nevertheless in...