Loss function — In statistics and decision theory a loss function is a function that maps an event onto a real number intuitively representing some cost associated with the event. Typically it is used for parameter estimation, and the event in question is some… … Wikipedia
Maximum power point tracking — Current voltage characteristics of a solar cell at a particular light level, and in darkness. The area of the yellow rectangle gives the output power. Pmax denotes the maximum power point Maximum power point tracking (MPPT) is a technique that… … Wikipedia
Loss aversion — In prospect theory, loss aversion refers to the tendency for people strongly to prefer avoiding losses than acquiring gains. Some studies suggest that losses are twice as powerful, psychologically, as gains.Loss aversion was first convincingly… … Wikipedia
Maximum a posteriori estimation — In Bayesian statistics, a maximum a posteriori probability (MAP) estimate is a mode of the posterior distribution. The MAP can be used to obtain a point estimate of an unobserved quantity on the basis of empirical data. It is closely related to… … Wikipedia
Possible Maximum Loss (PML) — Begriff der Versicherungswirtschaft. Der mögliche Maximalschaden aus einem versicherten Einzelrisiko je Versicherungsfall. Z.T. wird der PML auch auf die aggregierten (teilweise auch nicht versicherten) Schäden innerhalb eines gegebenen… … Lexikon der Economics
Discounted maximum loss — is the present value of the worst case scenario for a financial portfolio. An investor must consider all possible alternatives for the value of his investment. How he weights the different alternatives is a matter of preference. One might require … Wikipedia
Insertion loss — In telecommunications, insertion loss is the decrease in transmitted signal power resulting from the insertion of a device in a transmission line or optical fiber. It is usually expressed relative to the signal power delivered to that same part… … Wikipedia
No net loss wetlands policy — No net loss is the United States government s overall policy goal regrading wetlands preservation. The goal of the policy is to balance wetland loss due to economic development with wetlands reclamation, mitigation, and restorations efforts, so… … Wikipedia
January 2008 Société Générale trading loss incident — The January 2008 Société Générale trading loss incident was an incident in which the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market… … Wikipedia
Probable Maximum Loss (PML) — Estimated Maximum Los, Begriff der Versicherungswirtschaft. Der PML ist die realistisch geschätzte Obergrenze eines möglichen Schadens. D.h. der wahrscheinliche Maximalschaden unter Vernachlässigung möglicher außergewöhnlicher Umstände. Der PML… … Lexikon der Economics
Actual Total Loss — A loss that occurs when the insured property is totally destroyed or is damaged in such a way that it can be neither recovered nor repaired for further use, or the insured is irretrievably deprived of it. Usually, this indicates the maximum… … Investment dictionary
