5501金融与交易中等数值题short

Choose First-Round Policy 1

题目

Policy A has round-1 fill probability 0.42, round-1 edge 0.012, and continuation value 0.009 if unfilled. Policy B has round-1 fill probability 0.25, round-1 edge 0.024, and continuation value 0.015 if unfilled. Which policy has higher expected value?

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你的答案

Expected value for Policy A

Expected value for Policy B

Which policy has higher expected value?