A quant trading question I’ve never found a good answer to — how to decide between spending time improving an existing strategy (high certainty, low return on effort) vs starting something entirely new (uncertain but potentially high return on effort).
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Isn't this a question for life in general, the good old explore/exploit tradeoff?
V close, except with a systematic trading system the "exploit" is pretty autonomous so it's more like explore in high variance vs low variance areas (of course nothing is actually autonomous and even mature systems need quite a bit of ongoing attention...)
