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Investing in private securities rather than government bonds provides a higher expected return.
"We hold these stocks because they have a higher expected rate of return," Mr. Fogdall explained.
If the team has a better than three-in-seven chance of scoring a touchdown -- and the all but certain extra point -- going for the touchdown has a higher expected value than kicking.
Clemens, who twice struck out 20 batters in a game, never threw a no-hitter at any level despite finishing his career with a higher expected no-hit total (1.07) than Sandy Koufax (0.92), who threw four.
That means Chilean women get a higher expected return on their contributions to the pension system, which helps explain why labor force participation rates for older women in Chile are growing even faster than those for men.
The CBO notes that the PRA-type accounts would actually raise national saving if the budget surpluses would otherwise be spent.PRA investments in stocks and bonds provide a higher expected return than investments in government bonds without the disadvantages of direct government ownership.
The first two solutions also yield a higher expected welfare than a zero-inflation policy.
A higher expected inflation eventually causes the nominal interest rate to increase as well.
Hence, users might penalize the QoE of WiFi connections due to a higher expected quality.
Then On Savage's proposal, two-boxing comes out with a higher expected utility than one-boxing.
"So it's [better value] with a higher expected growth," says Ackermann.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com