Pim van Vliet – A Detailed Dive into Low Volatility Investing (S6E10)
Flirting with Models
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The Power of Utility Theory
Expected utility theory is a good workhorse still for us surprising so i'm a real sucker for taking philosophical examples to sort of logical extremes that define where edge cases exist. On our pre-call you said if the market were purely efficient nobody would ever trade which I thought was a really interesting concept and i was hoping you could pull on that thread for me and walk me through the logic yeah then it gets a bit philosophical because this representative agent it's a one period model should describe them the whole dynamics of markets we all trade one thing we know is that we trade way too much odean has doneReally great studies on that and how much trading is going on trading also is
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