Deviation, Microeconomics

Assignment Help:

Deviation

- Difference between the expected and actual payoff

2006_deviation.png

-  Adjusting for the negative numbers

-  The standard deviation measures square root of average of squares of the deviations of the payoffs associated with every outcome from their expected value.

- The standard deviation can be given by:

776_deviation1.png


Related Discussions:- Deviation

Proportion of income spent for the commodity , All other things equivalent,...

All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand.   Most home owners are recognizable with how this de

Balance of payments account, Balance of payments account: The foreign ...

Balance of payments account: The foreign exchange market is an organizational setting within which individuals, business firms, banks etc buy and sell foreign currency. It has

Determine the productivity level of us, Determine the productivity level of...

Determine the productivity level of US Those who live in relatively poor regions of the world today have higher material living standards than their predecessors who lived in t

Production and cost, Q=2h find the marginal point. where q is the quantity ...

Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)

Educational financing, Normal 0 false false false EN-IN...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Example on lotteries in the united states, Most lotteries in the United Sta...

Most lotteries in the United States pay their winnings over time. For illustration, a million-dollar winner will receive $100,000 initially and the rest in equal installments over

#title., factor afecting the demand for durable product

factor afecting the demand for durable product

Concentration ratio cr4, "If for a certain market, the concentration ratio ...

"If for a certain market, the concentration ratio CR4 (the combined market share of the 4 largest firms) is 1, its Herfindahl index is at least 0.25." Describe the given statement.

International comparisons method, International Comparisons Method In ...

International Comparisons Method In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, Sout

Second Best, What is the theory of second best

What is the theory of second best

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd