This paper is concerned with the determination of tight lower and upper bounds on the expectation of a convex function of a random variable. The classic bounds are those of Jensen and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

We consider the concentration of measure for n i.i.d., two-dimensional random variables under the conditioning that they form a record. Under mild conditions, we show that all random variables tend to ...