“Situations of uncertainty and intractability rule out optimization and, along with it, the usefulness of the theory of maximizing subjective expected utility.” Gerd Gigernzer, November 2024. The r…| Convex Strategies
“…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
“Moral hazard is a natural concern for a policy which removes the main risk that hedge funds face when taking leveraged positions in cash-futures basis.” Kashyap, et al, March 2025 The above quote …| Convex Strategies
We have pointed to similarities between the Fed’s current rate cutting cycle and the one back in the second half of 1995. Given the length of experience around here, we are regularly asked question…| Convex Strategies
“We are open to new ideas and critical feedback and will take onboard lessons from the last five years and adapt our approach where appropriate to best serve the American people, to whom we are acc…| Convex Strategies
“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