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Tag Archives: ruin aversion

Friends, after a lifetime of dealing with a concept called Gambler’s ruin…

Friends, after a lifetime of dealing with a concept called Gambler’s ruin (and refinining it dynamically in “Dynamic Hedging”), it didn’t hit me that I was talking about it here, in connection with the zero-one law. A series of finite bets, a la binary are immune to ruin if they are done right. Let us […]