Question: If Ri denotes the random amount that is earned in period i, then i=1 i1Ri , where 0 That is, show that E [[]

If Ri denotes the random amount that is earned in period i, then

∞

i=1 βi−1Ri , where 0

That is, show thatE [[] Bi-R = E Ri

E [[] Bi-R = E Ri

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