WebDec 1, 1989 · This paper describes a cost function that is globally concave, flexible, and treats all prices symmetrically. The derivation of this ‘CSFLEX’ cost function includes a … Webthat the cost function should be globally concave in each of the factors. Although it may not be possible to establish global concavity over all possible ranges of factor prices and levels of output, researchers have often been dissatisfied with evaluating concavity
A globally concave, symmetric, flexible cost function
WebA function can have at most one strict global maximizer; it may not have any (the optimum may fail to exist) if the function has discontinuities, or if it is defined only over an open … WebConcave definition, curved like a segment of the interior of a circle or hollow sphere; hollow and curved. See more. jogging lower cholesterol
Concave Definition & Meaning Dictionary.com
WebHow can I prove that the log-likelihood function for logistic regression is globally concave? Ask Question Asked 7 years, 2 months ago. Modified 7 years, 2 months ago. Viewed 3k times 2 $\begingroup$ For my master thesis, I have to show/prove that the log-likelihood function for logistic regression is globally concave. ... WebFigure 1: The function in (i) is convex, (ii) is concave, and (iii) is neither. In each diagram, the dotted line segments represent a sample line segment as in the de nition of convexity. However, note that a function that fails to be globally convex/concave can be convex/concave on parts of their domains. WebThe Fisher information is locally concave around the MLE, globally concave for the exponential family, but not globally concave for all distributions. This is not the case for example for mixture models. We check that it works for a case we already saw: the Gaussian with fixed variance X ∼ N µ,σ2 for which jogging leclerc