If we add one to the return, then you've got a number that's never negative and we can then use geometric returns.
如果如果我们把1添加到回报中,你能得到一个非负的数字从而可以使用几何回报。
Jeremy says in the text that the geometric return is always lower than the arithmetic return unless all the Numbers are the same.
杰里米在书里说几何平均,总是比算术平均小,当然如果所有数字都一样,两个均值相等。
To calculate the expected utility of your wealth, you might also have to look at the expected return, or the geometric expected return, or the standard deviation.
为了计算我们财富的期望效用,你可能也得关注期望回报、或几何期望回报、或标准差。
If we add one to the return, then you've got a number that's never negative and we can then use geometric returns.
然后加上1,你永远也得不到一个负数,然后我们对这个值求几何平均
Jeremy says in the text that the geometric return is always lower than the arithmetic return unless all the numbers are the same.
杰里米在书里说几何平均,总是比算术平均小,当然如果所有数字都一样,两个均值相等
To calculate the expected utility of your wealth, you might also have to look at the expected return, or the geometric expected return, or the standard deviation.
要计算你财富的期望效用,你也许还要研究预期收益曲线,或几何预期收益率,或是标准差
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