Tag Archives: wrong

We showed in Chapter 6 that side information Y for the horse race X can be used to increase the growth rate by the mutual information I(X;Y). We now extend this result to the stock market. Here, I(X;Y) is an … Continue reading

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None of [the attendees at Davos 2007] seemed to understand that when you create a derivative you don’t add to the sum of total risk in the financial world; you merely create a means for redistributing that risk. They have … Continue reading

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