On extreme stable laws and some applications

Abstract
Summary: It is shown that the extreme stable laws have one-sided moment generating functions with interesting mathematical forms. The fact that one of these forms, zcz, is a moment generating function is used to establish two interesting statistical results; first, that rr is a moment sequence for a density with decreasing failure rate, and secondly, that the likelihood ratio test for testing a simple null hypothesis in a multinomial distribution is admissible and Bayes.

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