Will you play this game: Would you be willing to wager 80% of your entire savings?Thanks for reading Abhishek’s Substack! Subscribe for free to receive new posts and support my work. Consider the following hint: Expected value of one toss = 0.5 X 1.6 + 0.5 X 0.6 = 1.1 Expected value after 20 tosses = 1.1 ^ 20 = 6.72.
Ergodicity & Portfolio Turnover
Ergodicity & Portfolio Turnover
Ergodicity & Portfolio Turnover
Will you play this game: Would you be willing to wager 80% of your entire savings?Thanks for reading Abhishek’s Substack! Subscribe for free to receive new posts and support my work. Consider the following hint: Expected value of one toss = 0.5 X 1.6 + 0.5 X 0.6 = 1.1 Expected value after 20 tosses = 1.1 ^ 20 = 6.72.