Aging & Renewal Theory

Renewal processes generalize Poisson: events occur at random inter-arrival times drawn from a distribution ψ(t). When ψ(t)~t^{-1-α} (heavy tail, 0<α<1), the process ages — the mean residual waiting time diverges and ergodicity breaks. Observe the inspection paradox and aging.

Mean renewals--
Mean residual--
Ergodic (α>1)?--
Sim time0