first sentence is directly and completely contradicted by every fucking word in the rest of the paragraphpic.twitter.com/a2XYgAR9Nh
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first sentence is directly and completely contradicted by every fucking word in the rest of the paragraphpic.twitter.com/a2XYgAR9Nh
enough people are saying that ole peters is cool that i am 60% inclined to believe this but i wish he would not sit for pieces like this -_- https://twitter.com/oldvillagesage/status/1338681339189612544 …
I feel like this article comes out every couple of years. Does it signal a market top?
lol market powerbottom
The example in the article presents a +EV gamble as if it is imposs for the individual to get rich But the individual tends to lose money only because they bet 100% of their bankroll each time. Their risk of ruin -> 1 If they just bet Kelly (25% of BR) instead they'd get rich
Is behavioral economics all bullshit? Does loss aversion actually exists? Asking for myself, I want to know if I've been lied to.
no and yes, bullshit for most practical applications and yes
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