PROPER EFFICIENCY AND THE THEORY OP VECTOR MAXIMIZATION
definition avoids certain drawbacks inherent in the earlier one A comprehensive theory of vector maximization is constructed using the new definition, with and without various constraint qualification, con- vexity, and differentiability assumptions The theory includes as a special case the standard theory of nonlinear programming
Expectation-Maximization (EM) algorithm
A coin-flipping experiment Ref: What is the expectation maximization algorithm? Nature Biotechnology 26, 897 -899 (2008) θ: the probability of getting heads θ A: the probability of coin A landing on head
Maximum Likelihood (ML), Expectation Maximization (EM)
Definition: A function f is concave if and only Concave functions are generally easier to maximize then non-concave functions Expectation Maximization (EM)
Chapter Nine: Profit Maximization
Chapter 9: Profit Maximization Profit Maximization The basic assumption here is that firms are profit maximizing Profit is defined as: Profit = Revenue – Costs Π(q) = R(q) – C(q) To maximize profits, take the derivative of the profit function with respect to q and set this equal to zero
Probable Maximum Precipitation Estimates, United States East
Sep 19, 1974 · Moisture maximization •• Definition - concept Atmospheric moisture Representative storm dew point Example of computations of moisture maximization and trans-
Economics Lecture 3 - Univerzita Karlova
1 2 Utility maximization and uncompensated demand 1 Budget line and budget set 2 Definition of uncompensated demand 3 Tangency and corner solutions 4 Finding uncompensated demand with Cobb-Douglas utility 5 The effects of changes in prices and income on uncompensated demand
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