Figure 4 shows the probability of exercising an option for vessels which operate 25% of one year within ECA waters and the second for vessels which operate 50%, and the third for vessels operating 100% in the ECAs.
Notes: ECA25% means the amount of time spent sailing in an ECA is 25% of one year; ECA50% the amount of time spent sailing in an ECA is 50%; while ECA 100% implies that a ship operates the whole year in an ECA. Figure 5 compares the probability of exercising an option and the call option values for different new-built ship values.
While when the price differential is narrowed to be 10%, the probability of exercising the investment option is significantly increased to be 83% and that of deferring the decision to the future or no investment over the 5-year period is declined to be 13.7%.
However, when calibrating the model with real-world prices, it is necessary to adjust the cost factor, C, to ensure that the options prices that the broker offers remain low enough to benefit users (and hence ensure that each user, i, estimates their probability of exercising an option, p i, truthfully).
Perceived well-being, knowledge of insulin pharmacokinetics, implementation of strategies to reduce the probability of exercise-induced hypoglycemia, and greater social support were associated with fewer barriers.
Even if the relationship was weak, as long as the alter engaged in regular exercise the ego has a substantially elevated probability of exercising regularly.
In Cluster 4 (66.5%; hereafter referred to as Reference) girls had the highest probability of sleeping sufficiently, the lowest likelihoods of smoking, with higher BMI or having internalizing problems, and a comparably high probability of exercising.
Least square probabilities of exercise and cohort effects (change per year), based on the model in Tables 3 and 4 adjusted for BMI, education, and self-reported health status, are shown in Tables 5 (men) and 6 (women).
Fig. 4 Probabilities of exercising option for various operating time within ECAs.
Empirical analysis may suggest different investment strategies based on the probabilities of exercising an option and related option values each year.
42 We calculated the probability of each exercise intervention being the most effective (first best), the second best, the third best, and so on, and presented the results graphically with rankograms.
