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This figure illustrates a risk averse individual whose utility function with respect to money is concave (i.e., their utility increases as more money is received but at a diminishing rate). Suppose the individual has a choice between two alternatives: (A) a guaranteed $30; (B) a 50:50 chance of receiving $10 or $50. While the expected value of both outcomes is the same ($30), the risk averse individual gets higher utility from the certain outcome as they dislike, or are averse to, risk. The guaranteed outcome which gives the same utility as the risky outcome, or the certainty equivalent (C), is less than the expected value of the risky outcome, in this case a guaranteed $20 has the same utility as a risky outcome with an expected value of $30.
Forget hipster beards with retro ironic tie - this photo is all about the shorts! Hot pants? Possibly - but these eighties classic lets you know whose wearing the trousers - even when they're not ....
Five weeks of comparison between the calorie deficit as calculated from food intake and exercise, and the weight loss as weighed and smoothed.
The agreement is uncanny, no?
All other countries are on Universal Health Care
Life Exp:Source: en.wikipedia.org/wiki/List_of_countries_by_life_expectancy
%GDP Spent hdr.undp.org/en/
Day 47 we look at graphs. Good information is the best tool to be able to fight the disease. However people across countries compete to see who has the worst absolute numbers without considering the special circumstances in each.
Public info URL
Die komplexe graphisch visualisierte Webseitenstruktur von "Weg zur Salzoase"
Aufnahmedatum: 05.12.2011
Webseiten - Visualisierung über Graphen mit: www.aharef.info/static/htmlgraph/
This graph simply shows the applied motor voltage vs. applied track voltage on a DCC decoder powered by a DC power supply. The key points here are:
1) Decoder "wakes up" at around +5V
2) Decoder starts to apply voltage to the motor at around +7.5V
3) Voltage increases linearly with applied track voltage up to motor maximum voltage
4) The starting voltage applied to the motor at +7.5V is programmable with configuration variable (CV) 63
5) The maximum voltage applied to motor is programmable with CV 64
Investing in flood defences means that everybody in the area benefits from reduced flooding, not just the person who makes the investment. This creates a positive externality as the social benefits of flood defence are higher than the private benefits. Since users only take into account their private benefits, positive externalities mean that the actual amount of investment in flood defence (QA) is less than the efficient amount (QE) and the resource is undersupplied privately creating a welfare loss.
A graph showing photos containing the tag accident from the past year, mapped according to their date & time.
This was an attempt to see what a tag without a strong time-correlation looks like. Contrast this with brunch, fullmoon and sunset, seen in the previous photos in this stream.
Nonetheless there is a bit of a correlation here. It appears accidents tend to happen in daylight hours, I am guessing outside. Also, there is a big cluster of accidents centered around thanksgiving of last year. Deep fried turkey explosion, perhaps? (No - for an explanation, see the discussion below).
Here is my advice for avoiding accidents: stay in bed!
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