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These farmers value increases in expected value, but seem indifferent about higher moment changes in payoff distributions.
Much of the capital cost and materials handling efficiency of a wire drawing system lies in payoff and take-up equipment.
In the year leading up to the Rosenthal murder, he banked the modern equivalent of about $155,000 a month in payoff money.
"The variation in payoff for different strategies is fairly small, suggesting that, all else being equal, effort put into writing longer or more positive messages may be wasted," they say.
Here, ε is a small positive quantity representing the maximum increase in payoff that a player could gain by choosing to follow a different strategy.
Even with the recent hiccups within the peer-to-peer lending space (Disclosure: Our fund invested in Payoff, a financial wellness company with loan product), I believe this is just a minor setback and these new players will continue to slowly erode traditional consumer and commercial lending.
Similar(43)
Meanwhile, let's just finish up what we're doing here and put in payoffs.
Among the alleged $338,000 in payoffs, according to Beavers, were several from the promoter Don King.
On Wall Street, where smarts are measured in payoffs, Mr. Wygod is known for seizing opportunities.
In 1999, Mr. Jones, a former police officer, was sentenced to 41 months in prison for taking $7,000 in payoffs.
Provided there is sufficient spatial variation in payoffs, the analysis identifies a critical dispersal rate d∗ required for regional persistence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com