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3.31 Prove that the standard deviation principle satisfies coherence criteria 1, 3, and 4. To see that it does not satisfy criterion 2, consider the

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3.31 Prove that the standard deviation principle satisfies coherence criteria 1, 3, and 4. To see that it does not satisfy criterion 2, consider the bivariate variable (X, Y) that takes on the value (0,4) with probability 0.25 and the value (4,4) with probability 0.75. Using k = 1, show that monotonicity is not satisfied

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