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Merton's portfolio problem. Merton's portfolio problem is a problem in continuous-time finance and in particular intertemporal portfolio choice. An investor must choose how much to consume and must allocate their wealth between stocks and a risk-free asset so as to maximize expected utility.
The Great American Interchange on Earth, approximately 3.5 to 3 Ma, an example of species competition, resulting from continental plate interaction An artist's rendering of the structure of Earth's magnetic field-magnetosphere that protects Earth's life from solar radiation. 1) Bow shock. 2) Magnetosheath. 3) Magnetopause. 4) Magnetosphere.
e. In mathematics, Dirichlet's test is a method of testing for the convergence of a series. It is named after its author Peter Gustav Lejeune Dirichlet, and was published posthumously in the Journal de Mathématiques Pures et Appliquées in 1862. [1]
July 14, 2024 at 5:12 PM. DETROIT (AP) — Yohan Ramírez had two consecutive errors in the ninth inning, paving the way for the Detroit Tigers to beat the Los Angeles Dodgers 4-3 on Sunday for ...
An informative prior expresses specific, definite information about a variable. An example is a prior distribution for the temperature at noon tomorrow. A reasonable approach is to make the prior a normal distribution with expected value equal to today's noontime temperature, with variance equal to the day-to-day variance of atmospheric temperature, or a distribution of the temperature for ...
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The reaction times of Kennedy and Connally were too close to have been caused by two bullets from Oswald: the reaction interval was less than the 2.3 seconds that it took to reload. [ 205 ] [ 206 ] This was one of the commission's most crucial findings: that a single shot caused the non-fatal wounds of Kennedy and Connally, known as the "single ...
A simple fraction (also known as a common fraction or vulgar fraction, where vulgar is Latin for "common") is a rational number written as a / b or , where a and b are both integers. [9] As with other fractions, the denominator ( b) cannot be zero. Examples include 1 2 , − 8 5 , −8 5 , and 8 −5 .