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John Burr Williams (November 27, 1900 – September 15, 1989) was an American economist, recognized as an important figure in the field of fundamental analysis, and for his analysis of stock prices as reflecting their "intrinsic value".
In probability theory, statistics and econometrics, the Burr Type XII distribution or simply the Burr distribution [2] is a continuous probability distribution for a non-negative random variable. It is also known as the Singh–Maddala distribution [ 3 ] and is one of a number of different distributions sometimes called the "generalized log ...
Fat-tailed distributions have been empirically encountered in a variety of areas: physics, earth sciences, economics and political science. The class of fat-tailed distributions includes those whose tails decay like a power law , which is a common point of reference in their use in the scientific literature.
For instance, from the example above in economics, if the maximal utility of two goods is achieved when the quantity of goods x and y are (−2, 5), and the utility is subject to the constraint x and y are greater than or equal to 0 (one cannot consume a negative quantity of goods) as is usually the case, then the actual solution to the problem ...
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
Burr eventually got to election material, beginning by lecturing women: "OK, ladies, you're 0-2 against this guy." He suggested female candidates ditch the pantsuits, stop trying to have respect ...
Burr added with a smile: “I know a lot of ugly women — I mean feminists — don’t want to hear this message. But just tease ‘em a little bit! Make a farmer feel like he has a shot.
A classic example of a missing market is the case of an externality like pollution, where decision makers are not responsible for some of the consequences of their actions. When a factory discharges polluted water into a river, that pollution can hurt people who fish in or get their drinking water from the river downstream, but the factory ...