Expectation for CAFV.

A Study on Preference Orderings of Mathematical expectation, Expected Utility and Distorted Expectation

One of the challenges for decision-makers in insurance and finance is choosing the appropriate criteria for making decisions. Mathematical expectation, expected utility, and distorted expectation are the three most common measures in this area. In this article, we study these three criteria, and by providing some examples, we review and compare the decisions made by each measure.

CRITERIA Approaching Expectation Meeting Expectation Exceeding Expectation Speech

Expectation propagation for infinite mixtures

This note describes a method for approximate inference in infinite models that uses deterministic Expectation Propagation instead of Monte Carlo. For infinite Gaussian mixtures, the algorithm provides cluster parameter estimates, cluster memberships, and model evidence. Model parameters, such as the expected size of the mixture, can be efficiently tuned via EM with EP as the E-step. The same ap...

Client expectation from doctors: expectation - reality gap.

AIMS AND OBJECTIVES To determine client expectation from doctors, a descriptive survey was conducted amongst people above 18 years of age and doctors of Faridpur District. METHODOLOGY For this purpose a total of 400 patients and 30 doctors were involved. Both rural and urban population were included. A sample of 30 doctors was selected from the outdoor department of Faridpur Medical College H...

Choquet expectation and Peng’s g−expectation

In this paper we consider two ways to generalize the mathematical expectation of a random variable, the Choquet expectation and Peng’s g-expectation. An open question has been, after making suitable restrictions to the class of random variables acted on by the Choquet expectation, for what class of expectation do these two definitions coincide? In this paper we provide a necessary and sufficien...