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2035数学困难数值题medium

Funding Buffer Gap With Unequal Scenario Weights 15

题目

The high-leverage state is rarer, but still materially affects the convex average. A funding-buffer model uses phi(L)=1/(1+L). Suppose L takes values 1 and 4 with probabilities 1/4 and 3/4. Compute E[phi(L)] and phi(E[L]).

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你的答案

E[phi(L)]

phi(E[L])