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How to calculate variance from EWMV model #162

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npdrbong opened this issue Apr 16, 2024 · 0 comments
Closed

How to calculate variance from EWMV model #162

npdrbong opened this issue Apr 16, 2024 · 0 comments

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@npdrbong
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In the original article, subjective utility is calculated from the linear combination of mean and variance of expected value.
To do this, we can calculate mean and variance of:

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than, I can't derivate p (1 - p ) {r + lambda(l-1)r}^2.. Does anyone know how to derivate this? or I missed with calculate variance of expected value?

@npdrbong npdrbong closed this as completed Jul 1, 2024
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