Mathematical Expectations, Variance, Economic Decision Making, Investors Choice, Case Teaching
Authors:
Chen, Rui
Fang, Liang
Journal:
IJIRES
Volume:
6
Number:
2
Pages:
230-236
Month:
March
ISSN:
2349-5219
BibTex:
Abstract:
Mathematical expectation and variance play an important role in economic decision-making. Based on the example of investor selection and the concept of mathematical expectation and variance, this paper analyzes their application methods and steps in economic decision-making and introduces this case into classroom teaching. The results show that mathematical expectation and variance can provide practical methods for economic decision-making, and the case of economic decision makes classroom teaching more practical.