the expected value
of a claim and its expected marginal cost is the
In some cases, millions of people face a loss with a positive expected value
Equilibrium entry again occurs such that zero expected value
is realized by the lowest valued entrant.
Therefore, if Jenkins uses expected values
as the basis for his decision, he will choose the middle path of ordering 200 cartons for his day's trading.
12, which does not need normalization because the log of the mean level of the foreign exchange rate cancels, the average difference, between the log of the expected value
and the expected value
of the log across the 200 data points, is statistically significantly different from zero (t-statistic: 41.
Setting expected values
takes time and effort and some knowledge of statistics.
None of the methods allows for a rigorous evaluation of variation from expected values
or leaves much room for negotiation where there is more than one interested party.
i] be the expected value
of the sampling distribution of [x.
In contrast to selecting human or automation based on whichever has the greatest expected value
(benefit minus cost), there is also the minimax loss criterion -- that is, selecting human or automation to minimize the worst-case payoff, whatever the value of p(F).
The conditional expected value
of total warranty cost has been analysed.
Proof: Since the expected value
of producer's surplus net of cost of entry is zero, the expected value
of total surplus equals that of consumer's surplus.
At the racetrack, the expected value
of a bet placed on a favorite is greater than that placed on a long shot.