Hi Does anyone know what the symbols ^ and v mean in the context of expected values and ILFs? for example, E[N]E[x^b] It’s not a power sign and a v, but a bit like the or/and logic symbols. Thanks in advance
Cheers. So is there a difference between E[{(X-D)^L}v0] and E[max(min(X-D,L),0)]? And we’re just saying that a loss less deductible is somewhere between a limit and 0?
