It is less important whether you use the simpler
expected value model or take into account our human quirks and use prospect theory.
First, as a reasonable-risk standard that examines the likelihood and magnitude of harm, footnote 5's substantial-risk standard corresponds to the concept of
expected value in probability theory.
have an
expected value that is less than the expected marginal cost to
Let us take into account that the
expected value is not always defined.
expected value of not complying ($62.50), in this model, Henry will not
This index will be denoted by evi([d.sub.j]) and calculated by evi([d.sub.j]) = [EV.sub.j] / max [EV.sub.j], where [EV.sub.j] =
expected value of dj and max [EV.sub.j] = maximum possible
expected value.
, [x.sub.n]).sup.t] are said to be statistically consistent if their dispersion is not greater than what can be expected from the normal consistency model which postulates that the joint n-variate sampling pdf of x is normal N(1[micro], D) with unknown
expected value 1[micro] and variance-covariance matrix D = [[[sigma].sub.ij] ], where 1 = [(1, ...
Amyas Morse, head of the National Audit Office, said most PFI contracts seemed well-managed and provided the
expected value for money.
Additionally, Enea is entitled to royalty payments for each system sold, but it has decided not to announce their
expected value as it is difficult to estimate.
EV (Tax saving) =
expected value of the tax saving from the Type 3 strategy
In both cases, comparative statics indicate that across the price range over which the lotteries are binding, the
expected value of the rationed good may increase (decrease) when price increases (decreases) if aggregate entry is sufficiently responsive though the AP entry function is inelastic at all prices.
LIAM Neeson's outfit in the film Michael Collins sold for almost 10 times its
expected value yesterday at an auction.