I promised Ciaelfie that I'll write a chim chim blog entry tonight, and her goes...

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I found this article in the staff computing lab while I was working on the videos tonight.

Quote:

"The Arrow-Pratt Measures of risk aversion for von Neumann-Morgenstern utility functions have become workhorses for analysing problems in the microeconomic of uncertainty. They have been used to characterize the qualitative properties of demand in insurance and asset markets, to examine the properties of risk taking in taxation models, and to study the interaction between risk and life-cycle savings problems to name just a few applications. Equally importantly, they have generated the linear risk tolerance class utility functions which has provided canonical examples in such diverse areas as portfolio theory and the thory of teams..."

Unquote

(Hahaha... Very chim hor??)

Early last semester, I remembered that Xiaowei told me that she wanted to do acturial science. I do not know if she has changed her mind ever since, but I wish her all the bestest of luck. And god bless her soul if she's gonna have to read all this bull**** in future!

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