lifetime wealth is below $300,000, we also know she will turn down a 50-50 lose $600/gain $36 billion bet beginning from lifetime $290,000.6 The intuition is that the extreme concavity of the utility function between $290,000 and $300,000 assures that the marginal utility at $300,...
As we havepreviously detailed, state after state has initiated new sets of lockdowns, mandatory and arbitrary orders about who people can, and cannot, have over for the Thanksgiving and Christmas holidays, and in some cases, disallowing any Thanksgiving visitors at all (Washington State), with...
At the same time the US did the same thing to re-arm the Israelis. I don't see them agreeing on this. Eraserhead said: So what exactly is the issue for the Israelis with the Arab Peace Initiative? Click to expand... The non-negotiable demand that displaced...
Watch the Latest from AppleInsider TV Any handsets Apple is unable to build this year just translate to sales next year, however. Accordingly, Kuo has increased his 2018 shipment estimates to between 80 million and 90 million iPhone X units. Regarding Face ID, Kuo believes Appl...
The use of variance as risk metric, does not distinguish between (good) returns above the mean and (bad) returns below the mean; see e.g., Estrada (2006). Moreover, it does not take features such as skewness of the probability distribution of returns into account. This is particularly ...