@AnotherDataP@blondesnmoney Someone could just passively be bid in a dark pool for price improvement themselves, especially in a tick size constrained stock
@tombos21@LinkofSunshine Log wealth just means maximizing over a utility function that that is logarithmic in consumption, which is irrelevant to one offs or repeated bets. This also maximized growth rate but honestly who would care about that over utility, the literal end goal by definition
My biggest pet peeve is people using current net worth in expected utility calculation instead of discounted future earnings, which is above a million for a majority
I think this logic is wrong here actually even with modest loss functions
If your utility is log(net worth) and your net worth is 100k
11.512095<11.512925
This is hilariously close by accident but you shouldn't take the bet
@AaronBergman18 You can’t fit window units into European style windows. You can however buy mono block ones for about $250, however they suck. I still just bought one
@dead_baseball@tombos21 Your lifetime discounted earnings should be below 1 million, which would be the case for high discount rate workers or low earners. About 2/3rds saying no and 1/3rd yes doesn’t seem unreasonable
@_Moonie23__ Undergrad starts at 18 for most people and lasts for 4 years. It’s 18-22 and you deliberately chose the low end.
And 20 year old women don’t look like children either to any normal guy
i'm sorry, once you're past the age of like 25, undergrad age girls look like children. even when you dress like "baddies" you look like fledgling birds and not like grown adults. i guarantee no prof that isn't a predator/creep even spares you a second glance