Probability of Ruin
Catalan Numbers are an interesting way of modeling the probability of ruin.Specifically,…
SKF: Inverse Construction and Volatility
I previously explained why market returns should be lognormally distributed with positive…
House Hearing on Hedge Funds
http://video.aol.com/video-detail/house-oversight-cmte-hearing-on-turmoil-in-the-financial-markets/1389143189/?icid=VIDLRVGOV04The politicians love their ambiguously applicable metaphors.
Information Theory Betting
The following is a very interesting problem copied from p.132 of "Elements…