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Ex-ante is used most commonly in the commercial world, where results of a particular action, or series of actions, are forecast (or intended). The opposite of ex-ante is ex-post (actual) (or ex post). Buying a lottery ticket loses you money ex ante (in expectation), but if you win, it was the right decision ex post. [2]
It has been pointed out by Schmitz (2006) that the property rights approach can be extended to the case of asymmetric information, which may explain ex-post inefficiencies. [16] The property rights approach has also been extended by Chiu (1998) and DeMeza and Lockwood (1998), who allow for different ways to model the renegotiations.
However, RSD is not ex-ante PE when the agents have Von Neumann-Morgenstern utilities over random allocations, i.e., lotteries over objects (Note that ex-ante envy-freeness is weaker than ex-post envy-freeness, but ex-ante Pareto-efficiency is stronger than ex-post Pareto-efficiency). As an example, suppose there are three agents, three items ...
ex post: from after Based on knowledge of the past. ex post facto: from a thing done afterward Commonly said as "after the fact." ex post facto law: A retroactive law. E.g. a law that makes illegal an act that was not illegal when it was done. ex proprio motu: by [one's] own motion Commonly spoken as "by one's own accord." ex rel
To earn a real estate license, an agent typically needs to take a couple of classes and pass a state exam. No college degree is required, and the costs of entry are modest. However, the settlement ...
Ex-ante envy-freeness is a weakening of envy-freeness used in the setting of fair random assignment. In this setting, each agent receives a lottery over the items; an allocation of lotteries is called ex-ante envy-free if no agent prefers the lottery of another agent, i.e., no agent assigns a higher expected utility to the lottery of another agent.
In American legal academia, the LL.M. was historically conferred after the LL.B. When the LL.B. was displaced by the J.D., the LL.M. metamorphosed functionally from a post-baccalaureate degree into a post-doctoral degree. Bachelor of Civil Law: BCL: An academic, not a professional designation.
Asset allocation is the process of determining the mix of stocks, bonds and other classes of investable assets to match the investor's risk capacity, which includes attitude towards risk, net income, net worth, knowledge about investing concepts, and time horizon. Index funds capture asset classes in a low-cost and tax-efficient manner and are ...