Ep. 895: Algorithms, Negotiation and Persuasion with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Structure of an Optimal Stopping Problem
The structure of a classic optimal stopping problem really does describe the types of decisions that we face in everyday life. In trading, I think, offers a wonderfully stark example where you have this extremely fleeting and ephemeral opportunity to make a decision on the spot. The mathematics of optimal stopping are at work under the hood of some of these things that are familiar to traders.
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