Approximate optimality and the risk/reward tradeoff given repeated gambles
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DOI: 10.1007/s00199-024-01614-4
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More about this item
Keywords
Risk/reward tradeoff; Large-horizon approximations; Central limit theorem; Repeated gambles; Diversification; Multi-armed bandit;All these keywords.
JEL classification:
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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