mathematical expectation

A higher mathematical expectation means better performance and therefore more money.

Therefore, the players maximize the mathematical expectation of the cost function.

An edge can be defined as a trading strategy that has a positive mathematical expectation.

Is it wise to take a bank offer when it's below the mathematical expectation, as it always seems to be?

As the game goes on, the offers asymptotically approach mathematical expectation; maybe contestants should wait.

Our next project will begin with specific mathematical expectations in mind such as the ideas included in the list below:

Such a bettor's mathematical expectation can be expressed as follows:

As in many games, the offers seem based on the principle of mathematical expectation: the price of a given chance at winning a given amount.

This form is very useful in calculating mathematical expectations of some continuous probability distributions concerning normal distribution.

In the short term, there needs to be a clear statement of advice to state schools concerning mathematical expectations for the most able 20% of pupils.

Risk is defined as the product of the mathematical expectation of a specified occurrence with the expected consequences of the event.

In general the rules in Pop-11 for deciding on the type of result to be produced by a mathematical procedure conform to standard mathematical expectations.

The formula can be derived by calculating the mathematical expectation of the amount of information contained in a digit from the information source.

The expected value is also known as the expectation, mathematical expectation, EV, average, mean value, mean, or first moment.

Both these concepts are mathematical expectations, but the expectation is defined with an integral for the continuous case, and a sum for the discrete case.

According to this analysis, the average bettor's mathematical expectation would not provide a profit, but a loss because his expectation is a negative gain every bet.

Until the mid-twentieth century, the standard term for the expected utility was the moral expectation, contrasted with "mathematical expectation" for the expected value.

The looked for average aggregated estimation of objects' quality level may be identified now with mathematical expectation of corresponded random aggregated index Q(I).

Next, in their study of statistics and probability, students investigate the coefficient of correlation, the distinction between odds and probabilities and the mathematical expectation of random events.

Nevertheless, since a requirement of rationality is that the subjective expectation of the price level,, should equal the objective conditional mathematical expectation for, it follows that.

Discrete and continuous probability models, random variables and their distributions, mathematical expectation, moment generating functions, sums of random variables, limit theory, and sampling distributions.

The Actuarial Present Value of life contingent payments can be treated as the mathematical expectation of a present value random variable, or calculated through the current payment form.

He did this by reverse engineering a stochastic process for income for which Cagan's expectation formula equals a mathematical expectation of future values conditioned on the infinite history of past incomes.

But mathematical expectation is a specific calculus: if your chances of winning $1 million are one in a million, for example, it is reasonable to pay $1 for a lottery ticket, but not $2.

And John Maynard Keynes observed that “human decisions affecting the future, whether personal or political or economic, cannot depend on strict mathematical expectation, since the basis for making such calculations does not exist.”