Assume that the sample space S is finite Then the expectation functional E takes the form with ps yen 0 and sS ps 1 ps P( s ) is the probability of state s TeS...

The random variable can be represented a ...

Assume that the sample space S is finite. Then the expectation functional E takes the form with

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Assume that the sample space S is finite. Then the expectation functional E takes the form

with ps ‰¥ 0 and ˆ‘sˆŠS ps = 1. ps = P({s}) is the probability of state s.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:47 AM

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Assume that the sample space S is finite. Then the expectation functional E takes the form with

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TeS

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The random variable can be represented a...View the full answer

Foundations of Mathematical Economics

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