“…if you want utility, don’t optimize expected utility because you’re bound to lose actual utility.” Ole Peters and Oliver Hulme, May 2025. Expected-utility maximizers don’t maximize utility. – Erg…| Convex Strategies
LLMs ensure their survival by showing us that we can all find meaning in our lives so long as we keep talking with the LLMs.| Epsilon Theory
“Europe’s fundamental values are prosperity, equity, freedom, peace and democracy in a sustainable environment. The EU exists to ensure that Europeans can always benefit from these fundamental righ…| Convex Strategies
To the best of its knowledge and belief, Convex Strategies considers the information contained in this website as accurate only as at the date of publication. All information and opinions on this w…| Convex Strategies
“Mainstream economics is replete with ideas that “everyone knows” to be true, but that are actually arrant nonsense.” Jeremy Rudd. Federal Reserve Board. September 2021. We don’t often go looking f…| Convex Strategies
Last month, in our February 2023 Update, “Sharpe World is Nefarious”, we posed this question: “If a bank loses money in accrual books and can continue to fund the losses with government guaranteed …| Convex Strategies