All tools Edit == A ABC zoom ECO3553-Partiel-H24.pdf X ECO3553-Par... Convert Sign ECO3553-Ch... Find text or...
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All tools Edit == A ABC zoom ECO3553-Partiel-H24.pdf X ECO3553-Par... Convert Sign ECO3553-Ch... Find text or tools Q A Thu Feb 29 7:2 + Create avec probavite v. et avec probabilite 0.5. Demissons mantenant une prime de risque Tu pour & de la manire suivante: E [u (w - u)] = E [u (w + )] Montrez qu'il est possible d'approximer cette prime de risque par u -0.5p u" (w1) pu' (w) + (1 - p) 2 u' (w2) Problme 4 (20 points) Considrez deux loteries ayant chacune une distribution exponentielles. La fonction de distribution cumulative d'une distribution exponentielle est: - F (x; ) = 1 ex + L'esprance de gain donn par cette distribution est E[X] = 1/X. Supposons que la premire loterie, F a un paramtre 1 et la seconde, F2 un paramtre 12. Supposons que \1 < A2. Laquelle de ces deux loteries, un consommateur ayant des prfrences Von-Neumann Morgenstern choisira-t-il? L'EXAMEN CONTINUE LA PAGE SUIVANTE e A All tools Edit == A ABC zoom ECO3553-Partiel-H24.pdf X ECO3553-Par... Convert Sign ECO3553-Ch... Find text or tools Q A Thu Feb 29 7:2 + Create avec probavite v. et avec probabilite 0.5. Demissons mantenant une prime de risque Tu pour & de la manire suivante: E [u (w - u)] = E [u (w + )] Montrez qu'il est possible d'approximer cette prime de risque par u -0.5p u" (w1) pu' (w) + (1 - p) 2 u' (w2) Problme 4 (20 points) Considrez deux loteries ayant chacune une distribution exponentielles. La fonction de distribution cumulative d'une distribution exponentielle est: - F (x; ) = 1 ex + L'esprance de gain donn par cette distribution est E[X] = 1/X. Supposons que la premire loterie, F a un paramtre 1 et la seconde, F2 un paramtre 12. Supposons que \1 < A2. Laquelle de ces deux loteries, un consommateur ayant des prfrences Von-Neumann Morgenstern choisira-t-il? L'EXAMEN CONTINUE LA PAGE SUIVANTE e A
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