Question: Exercise 5.7.2 Show that [ 1+ S(n) ]n = E[ 1+ S(1) ] E[ 1+ S(1, 2) ] E[ 1+ S(n1, n)

Exercise 5.7.2 Show that

[ 1+ S(n) ]n = E[ 1+ S(1) ] E[ 1+ S(1, 2) ] · · · E[ 1+ S(n−1, n) ]

under the unbiased expectations theory.

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