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2022数学简单数值题medium

Funding Buffer Gap From Two Leverage States 2

题目

The leverage can be either very low or quite high, and the desk wants the exact Jensen gap. A funding-buffer model uses phi(L)=1/(1+L). Suppose L takes values 0 and 3 with probabilities 1/2 and 1/2. Compute E[phi(L)] and phi(E[L]).

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你的答案

E[phi(L)]

phi(E[L])