I hope my money and banking students can answer the following:
T/F and explain.
If a payoff is uncertain (not merely risky), then you cannot calculate its expected value.
Wednesday, March 19, 2008
Subscribe to:
Post Comments (Atom)
The Road to Sanity
1 comment:
The statement is false. Of course you can calculate anything. Nothing in your statement demands accuracy.
Aren't you glad I'm not one of your students?
Post a Comment