While much literature has focused on preferences regarding risk, preferences over skewness also have significant economic implications. An important and un
In recent economic experiments, lotteries with left-skewed background risks elicit more prudent choices than lotteries with right-skewed background risks. In this letter, we use an expected utility framework to show that a skewed zero-mean background risk may induce not only prudent but also ...
$$ p\left(S|x;\mu, {\hat{\sigma}}_{M4}\right)=\frac{p\left(x|S\right)p(S)}{p(x)} $$ (16) $$ {\displaystyle \begin{array}{c}{x}_{S_1}\sim N\left({\mu}_{S_1},{\hat{\sigma}}_{M4}\right)\\ {}{x}_{S_2}\sim N\left({\mu}_{S_2},{\hat{\sigma}}_...
(C) Representative electron micrograph of purified inactivated SARS-CoV-2 candidate vaccine (BBV152) at a scale bar: 100 nm (right) and 200 nm (left); (D) Bar graph represents microneutralization antibody titer of day 14 individual sera (7 days after 2nd dose) collected from mice vaccinated...
Left panel (R. rubiginosa): the ratio of the undigested (700 bp) and digested (480 bp and 220 bp) BstNI fragments is given below the lanes. Right panel (R. canina): restriction fragments occurring specifically in leaf material are indicated by asterisks. g-CAPS, genomic-cleaved amplified ...
peaks, 0 was given in case of absence between patients suffering from SAA and those suffering from RC Figure 1 Illustrative example of selected TCR V-beta CDR3 spectratypes in a patient with partial response (PR)/complete response (CR) (left) and in a patient with non-response (right). ...
An important part of our design is the inclusion of both right- and left-skewed lotteries, with the latter less commonly studied. However, left skewness is a feature in many important economic decisions such as financial markets, agricultural production, insurance risks, health outcomes, and ...
The probability density function of the fWd has a heavy right tail. By varying the scale parameter, the skewness of the fWd can be modulated. Long-range dependence is common among real stochastic time series [4,5]. The fractional Weibull process (fWp) is derived in [6] with respect to ...
Its maximum value goes from 𝑝𝑖=0.5pi=0.5 (case of symmetry with 𝛿=0δ=0) to the left or right as the parameter 𝛿δ decreases or increases. As can be seen, the marginal effects takes on its maximum values at different probability levels depending upon the value of 𝛿δ....