On sequences of expected maxima and expected ranges

Abstract

We investigate conditions in order to decide whether a given sequence of real numbers represents expected maxima or expected ranges. The main result provides a novel necessary and sufficient condition, relating an expected maxima sequence to a translation of a Bernstein function through its L\'evy-Khintchine representation. Key words and phrases: expected maxima; expected ranges; Bernstein functions, L\'evy-Khintchine representation, order statistics.

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