Equivalence of rates of convergence in the CLT between maximum partial sums and first passage times of random walks

Citation
I. Ahmad, A. et A. Basu, K., Equivalence of rates of convergence in the CLT between maximum partial sums and first passage times of random walks, Scandinavian actuarial journal , 1983(2), 1983, pp. 89-105
ISSN journal
03461238
Volume
1983
Issue
2
Year of publication
1983
Pages
89 - 105
Database
ACNP
SICI code
Abstract
Let {X n} by a sequence of iid r.v.'s such that {EX}1=µµ0 and Var X 1=σ2<∞. Let Sn = Σ n j=1 X j and šn=max1⩽κ⩽nSκ. Furthermore let N(c)=inf {k: Sk>C}, c⩾0. Set The following results are proved: 1. If Δ n =O(n−γ), 0<γ⩽½ then which is equivalent to w(c)=O(c−γ). 2. If then which is equivalent of