The interesting, central finding of the theory paper is that when a «fortune» (available resources) fall below a certain critical level (determined by the cost per unit time of surviving, and the stochastic return investments available to the investor), the optimal policy becomes what economists call a «risk - seeking» one, where the investor should place
relatively large bets on relatively high payoff, low probability of payoff gambles.
Not exact matches
Other Thoughts and Ideas •
Large Number of
Bets — games with a relatively larger number of bets are good in several w
Bets — games with a
relatively larger number of
bets are good in several w
bets are good in several ways.
We also spoke with one of our offshore contacts who said that «
betting has been
relatively moderate, but some of our
larger bettors are taking the Colts +11, driving the line down a bit... to +10.5.»
Overall, the
larger bets have been on the Redskins, but we are still
relatively flat on the game.
We have four times as many wagers on the dog plus the points (which I would call the public side), but we are
relatively flat due to the
larger bet - size of the Trojan backers.
@Dheer So the general answer is: (a) if you are managing a
relatively small sum of money (no more than e.g. 75k GBP / account) you put it in a savings account or just plain account (if you don't like the interest)-- it is safe (insured by the government) and hassle free, (b) if you are managing
larger sums than e.g. 75k GBP / account your best
bet is treasury bonds.