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In Soklakov (2015a), we reviewed the shortcomings of the precrisis approach to product design and advocated the need for a better, more quantitative, approach. We first constructed such an approach in Soklakov (2011) and provided further illustrations in Soklakov (2016).
So far, most of our examples have been centered around the important special case of the growth-optimising investor. This investor defines growth in terms of the compounded rate of return (logarithm
The week on Risk.net, June 16–22, 2017Receive this by email