# Tagged Questions

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### Convex risk measures

What is the intuitive explanation for convex risk measures represented as: $$\rho(X)=\sup_{P\in Q}\{E_{P}(-X)+\alpha(P)\}$$ where $\alpha(P)$ is a penalty function depending on the plausibility of P. ...
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### Formulating simple games as Bayesian problems

Say you are in a game where every win doubles your money and every lose halves. You can walk away any time with the money you have by giving up? The rules of game is every step a problem is posed ...
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### Using risk aversion

I'm trying to figure out what the non-stochastic equivalent payment is for someone who is risk-averse. Suppose we have a lottery that pays out\$100 with probability one half and \$0 with probability ...
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### X% per turn over Y turns? Is my working out correct? risks and probabilities.

4% per turn * (over the course of) 25 turns. e.g. 1 Person $\alpha$ let's call him bob. Bob a 4% chance of winning something every day for 25 days. Whats the chance of him winning? (about 100%?) e....