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answerhappygod
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by answerhappygod »
a slot machine with winning probability p, the expected value
of log of return is given by the function
- A Slot Machine With Winning Probability P The Expected Value Of Log Of Return Is Given By The Function 1 (39.83 KiB) Viewed 22 times
- A Slot Machine With Winning Probability P The Expected Value Of Log Of Return Is Given By The Function 2 (88.42 KiB) Viewed 22 times
f(a) = plog(1 + a) + (1 - p) log(1 – a)
For any p with 0.5 < p < 1, show that there exists an a* e [0, 1] such that f(a*) > 0.
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