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three-state-variable

  1. Nicole Seaman

    YouTube T2-9c Bayes Theorem, Three-state variable

    This explores the answer to Miller's sample question in Chapter 6 of Mathematics and Statistics for Financial Risk Management. There are three types of managers: Out-performers (MO), in-line performers (MI) and under-performers (MU). The prior probability that a manager is an outperformer is...
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