I have an expected value problem where z is a desired expected value and I want to reach and x is an amount I can vary.(adsbygoogle = window.adsbygoogle || []).push({});

There is a probabilty of success based on a logistic function ρ(x) with a reward of λx and failure with a probability of (1-ρ(x)) and loss of x. I am trying to solve for the correct value of x to reach an expected value z.

So:

[tex] z = p(x) \lambda x - (1-p(x)) x [/tex]

[tex] z = \frac{\lambda x}{1+ e^{-a-bx} } + \frac{x}{1+ e^{-a-bx} } -x[/tex]

I tried solving in Matlab but it says there is no explicit solution and I haven't been able to solve by hand.

What would be the next course of action to solve this? Is there a way to simplify?

**Physics Forums - The Fusion of Science and Community**

# Solving expected value problem with logistic function

Know someone interested in this topic? Share a link to this question via email,
Google+,
Twitter, or
Facebook

- Similar discussions for: Solving expected value problem with logistic function

Loading...

**Physics Forums - The Fusion of Science and Community**