Some articles on partial expectation:
... The partial expectation of a random variable X with respect to a threshold k is defined as g(k) = EP ... For a log-normal random variable the partial expectation is given by This formula has applications in insurance and economics, it is used in solving the ...
Famous quotes containing the words expectation and/or partial:
“A youthful mind is seldom totally free from ambition; to curb that, is the first step to contentment, since to diminish expectation is to increase enjoyment.”
—Frances Burney (17521840)
“Both the man of science and the man of art live always at the edge of mystery, surrounded by it. Both, as a measure of their creation, have always had to do with the harmonization of what is new with what is familiar, with the balance between novelty and synthesis, with the struggle to make partial order in total chaos.... This cannot be an easy life.”
—J. Robert Oppenheimer (19041967)