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The manager's dynamic problem is to choose an admissible trading strategy π t and a stopping time τ to maximize his expected utility of the exercise wealth: V ( x, t ) = max π, τ E [ e − r ( τ − t ) U ( X τ + K ) ], (2.3).
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The great unsung success story of the EU over the decades has been its social democratic exercise in redistributing wealth between and within countries, narrowing the wealth gap and hugely benefiting states such as Greece, Portugal, and Ireland.
Jihad can be exercised physically, through the use of wealth, the pen, speech and even by migration.
Or to put it another way, the IMF may now be realising that it has been involved in a massive exercise in redistributing wealth upwards in society.
Now the corporations and malefactors of wealth exercise with zeal their First Amendment freedom to blast their political opponents into oblivion.
The gap between the rich and the poor has grown exponentially and the Supreme Court ruled in the Citizens United case that all those big corporations are actually persons who can exercise their enormous wealth to buy the government they want with impunity.
The Yankees, however, continue to spread their wealth, exercising no geographical boundaries.
The power exercised by private wealth in this country is all pervasive.
"The idea of super is not to be a wealth creation exercise, to build up a large capital amount," he said.
He argues that philanthropy is often an exercise of power and wealth leveraging the conversion of private assets into public influence.
The wealth ranking exercise showed how goat farmers perceived their well-being.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com