we are currently covering one sided search models and I had a question for you all. I kind of understand the raw calculus behind finding the probability of a job offer over a time interval h, but what about the reverse. Suppose we have a time interval h, what would the probability for an unemployed worker to receive no job offer during said time interval h? Would it just be 0?
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Unless I misunderstand the question these seem to be complementing events with probabilities $p$ and $1-p$.
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$\begingroup$ Hello, I figured out my problem. I realized that I was supposed to be using a possion distribution. $\endgroup$– Tony456Jul 31, 2020 at 23:28