Certainty Equivalent: Many Meanings of a Mean
نویسندگان
چکیده
منابع مشابه
Certainty equivalent measures of risk
We study a framework for constructing coherent and convex measures of risk that is inspired by infimal convolution operator, and which is shown to constitute a new general representation of these classes of risk functions. We then discuss how this scheme may be effectively applied to obtain a class of certainty equivalent measures of risk that can directly incorporate preferences of a rational ...
متن کاملCertainty Equivalent in Portfolio Management
In portfolio selection, strategies on an efficient frontier have been regarded as nondominated solutions because of the compensation to each increase unit of risk, and a rational decision maker has to consider other supplementary decision rules. This paper proposes an approach that helps a rational decision maker identify the best candidate strategy on an efficient frontier by taking the concep...
متن کاملNon-Certainty-Equivalent Adaptive Control of a Nonlinear Aeroelastic System
The development of a non-certainty-equivalent adaptive control system for the control of a nonlinear aeroelastic system is the subject of this paper. The prototypical aeroelastic wing section considered here includes structural nonlinearity and a single control surface for the purpose of control. Its dynamical model has two-degree-of-freedom and describes the plunge and pitch motion. It is assu...
متن کاملThe Many Meanings of Polarized Proof Theory
Proof theory is the study of why a proposition is true in a system, as opposed to the study of which propositions are true. In ordinary classical logic all proofs of the same proposition are indistinguishable, so its proof theory is essentially nonexistent. Polarized logic aims to fill this void as a rich proof theory with classical reasoning principles. In this report we examine polarized logi...
متن کاملThe Many Meanings of Evidence: Implications for the Translational Science Agenda in Healthcare
Health systems across the world are concerned with the quality and safety of patient care. This includes investing in research and development to progress advances in the treatment and management of individuals and healthcare organisations. The concept of evidence- based healthcare has gained increasing currency over the last two decades; yet questions persist about the time it takes for new re...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2615728