Lloyd, C. J.; Williams, E. J. - In: Stochastic Processes and their Applications 28 (1988) 1, pp. 111-122
Imagine a stick broken at a random point according to the known distribution function F, the right hand piece being discarded. The remaining left hand piece is then broken according to the same (but rescaled) distribution F ad infinitum. What is the largest piece discarded and at what stage of...
