On a Class of Distributions Stable Under Random Summation

Abstract

We investigate a family of distributions having a property of stability-under-addition, provided that the number ν of added-up random variables in the random sum is also a random variable. We call the corresponding property a ν-stability and investigate the situation with the semigroup generated by the generating function of ν is commutative.Using results from the theory of iterations of analytic functions, we show that the characteristic function of such a ν-stable distribution can be represented in terms of Chebyshev polynomials, and for the case of ν-normal distribution, the resulting characteristic function corresponds to the hyperbolic secant distribution.We discuss some specific properties of the class and present particular examples.

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