Mittag-Leffler Waiting Time, Power Laws,Rarefaction, Continuous Time Random Walk, Diffusion Limit

Mathematics – Probability

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28 pages. Invited Lecture, Workshop on Fractional Calculus and Statistical Distributions, November 25-27, 2009, Centre for Mat

Scientific paper

We discuss some applications of the Mittag-Leffler function and related probability distributions in the theory of renewal processes and continuous time random walks. In particular we show the asymptotic (long time) equivalence of a generic power law waiting time to the Mittag-Leffler waiting time distribution via rescaling and respeeding the clock of time. By a second respeeding (by rescaling the spatial variable) we obtain the diffusion limit of the continuous time random walk under power law regimes in time and in space. Finally, we exhibit the time-fractional drift process as a diffusion limit of the fractional Poisson process and as a subordinator for space-time fractional diffusion.

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