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Ex ante vs. ex post - Wikipedia, the free encyclopedia (91 words) |
 | Ex ante is a Latin term meaning "beforehand". |
| The opposite of ex ante is ex post, meaning "after the fact". |
| In stochastic models, ex post calculations are those done with realized values. |
| Why Is Law: Chapter 7 (c) D. Friedman (4310 words) |
| Ex ante, judged by the information available to you at the time, it was a good bet, since on average you could expect to come out fifty cents ahead. |
| Ex ante, almost all gambles in Las Vegas are losing ones; the casino, like an insurance company, sets its rates so that the money that comes in when it wins covers not only the money it pays out when it loses but also its operating expenses. |
| Low levels of ex post punishment, such as a fine equal to a month's salary, are unambiguously superior to ex ante punishment, since they can be paid in money, impose little cost through risk aversion, and provide an incentive for actors to use their private information to avoid accidents. |
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