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An Inequality Related to Chebyshev's

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Author Info
F.W. McElroy () (Department of Economics, Georgetown University)
Abstract

An Inequality involving expectations of functions of a random variable is presented and shown to provide the key to the comparative statics of an important class of problems arising in Economics and Finance. The inequality in question is also shown to yield novel generalizations of the Cauchy-Schwarz, Chebyshev, and Liapunov inequalities.

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Publisher Info
Paper provided by Georgetown University, Department of Economics in its series Working Papers with number gueconwpa~01-01-08.

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Length: 5pp.
Date of creation: 01 Feb 1999
Date of revision: 01 May 2000
Handle: RePEc:geo:guwopa:gueconwpa~01-01-08

Contact details of provider:
Postal: Georgetown University Department of Economics Washington, DC 20057-1036
Phone: 202-687-6074
Fax: 202-687-6102
Email:
Web page: http://econ.georgetown.edu/

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Postal: Marcia Suss Administrative Officer Georgetown University Department of Economics Washington, DC 20057-1036
Email:
Web: http://econ.georgetown.edu/

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Related research
Keywords: Expected Utility; Comparative Statics;

Find related papers by JEL classification:
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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