General criterion is 0 = M' + ( 1/2 * V' * ( -Ed2u/Edu ) ) Logged criterion is 0 = -log M' + log(1/2 V') + log( -Ed2u/Edu ) Bridge criterion: M' = (Wr-Wl)/(xr-xl) + c'(delta) - c'(dbar) Bridge criterion: V' = (dbar-delta)/(xr-xl) * sigma^2
1 |
delta |
distance from left point |
xl |
position of left point |
xr |
position of right point |
Wl |
value at left point |
Wr |
value at right point |
sigma |
brownian walk *sigma* parameter |
b |
utility function *b* parameter |
log |
use logged criterion? |
... |
additional arguments to criterion subfunctions |
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