Sentences with phrase «expectation value»
The phrase "expectation value" refers to the average or most probable outcome of a particular measurement or observation in a given situation or system. It is used to estimate the probable value or outcome based on the probabilities associated with different possible outcomes. Full definition
These modeling experiments test the variability of the model expectation values.
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But while gold is a good hedge against inflation in expectation value, it's not a good hedge in terms of volatility.
This position would be called «nearly 50 - 50 expectation», and against such persons James» claims make sense (if they are «rational» in the sense that they make decision based on statistical expectation values).
The theoretical mean sea level (or theoretical mean water, MW) is an estimate for the long - term mean value (more precisely, expectation value) of sea level, made for practical purposes.
Conversely, growth stocks are highly popular companies that carry a lot of «expectation value» based on future trends rather than current earnings.
One more note: although I agree there's little * probability * of a payoff, the payoff is so much greater than the loss that the * expectation value * is rather high.
Fred, As I wrote in my short additional comment, I do believe that risks are severe and that also the expectation value of damages may be large, but at the same time my view is that all quantitative estimates are hopelessly poor.
The theoretical mean sea level (or theoretical mean water, MW) is an estimate for the long - term mean value (more precisely, expectation value) of sea level, made for practical purposes.
I would absolutely love to see you calculate the expectation value for a game of rou - l-ette according to those rules.