Loading...

The “Fallacy” of Maximizing the Geometric Mean in Long Sequences of Investing or Gambling

Because the outcomes of repeated investments or gambles involve products of variables, authorities have repeatedly been tempted to the belief that, in a long sequence, maximization of the expected value of terminal utility can be achieved or well-approximated by a strategy of maximizing at each stag...

Fuld beskrivelse

Na minha lista:
Bibliografiske detaljer
Hovedforfatter: Samuelson, Paul A.
Format: Artigo
Sprog:Inglês
Udgivet: 1971
Fag:
Online adgang:https://ncbi.nlm.nih.gov/pmc/articles/PMC389451/
https://ncbi.nlm.nih.gov/pubmed/16591949
Tags: Tilføj Tag
Ingen Tags, Vær først til at tagge denne postø!