If Y is a positive r.v. with finite expectation, then is the following true?
$$E\left(\frac{1}{Y}\right) > \frac{1}{E(Y)}$$
If Y is a positive r.v. with finite expectation, then is the following true?
$$E\left(\frac{1}{Y}\right) > \frac{1}{E(Y)}$$
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By Cauchy-Schwartz We have $$1=\int_\Omega d\mu = \int_\Omega \frac{1}{\sqrt{Y}}\sqrt{Y}d\mu \le \int_\Omega Yd\mu \int_\Omega \frac{1}{Y}d\mu = E(Y)E(\frac1Y)$$ That is $$E\left(\frac{1}{Y}\right) \ge \frac{1}{E(Y)}$$