RDP 2015-10: The Life of Australian Banknotes
Equation
L
(
t
)
=
1
−
S
(
t
)
=
1
−
(
p
(
e
−
(
e
x
′
β
/
k
t
λ
)
k
)
+
(
1
−
p
)
)
=
p
(
1
−
(
e
(
e
x
′
β
/
k
t
λ
)
k
)
)
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