http://martinkronicle.com/2009/07/04/mathematicalexpectation/ Insight from a Commodity Trader Wed, 10 Mar 2010 02:46:12 -0800 http://wordpress.org/?v=abc hourly 1 http://martinkronicle.com/2009/07/04/mathematicalexpectation/comment-page-1/#comment-207 Mathematical Expectation In Trading | MartinKronicle Fri, 22 Jan 2010 04:32:49 +0000 http://martinkronicle.com/?p=650#comment-207 [...] payout ratio of the bet is irrelevant if the frequency with which it occurs is negligible. In the case of the Roulette Wheel, the payout ratio is in fact 35 to 1. However, the frequency (probability) with which you win per [...] [...] payout ratio of the bet is irrelevant if the frequency with which it occurs is negligible. In the case of the Roulette Wheel, the payout ratio is in fact 35 to 1. However, the frequency (probability) with which you win per [...]

]]> http://martinkronicle.com/2009/07/04/mathematicalexpectation/comment-page-1/#comment-110 Matt R. Fri, 28 Aug 2009 01:53:51 +0000 http://martinkronicle.com/?p=650#comment-110 "Broke" is an excellent film that I'm recommending to all my friends. “Broke” is an excellent film that I’m recommending to all my friends.

]]> http://martinkronicle.com/2009/07/04/mathematicalexpectation/comment-page-1/#comment-80 Michael Martin: Broke: The New American Dream | Second Reagan Revolution Sun, 05 Jul 2009 07:36:42 +0000 http://martinkronicle.com/?p=650#comment-80 [...] You think the government has your back? Guess again. Covel quotes statistics that show that 40% of those who make $35,000 and less feel that playing the lottery was the best way to amass $500,000 for retirement. Lotteries are marketed heavily to the poor — people who can least afford them. Wanda Sykes comedy routine about saving for retirement is both hilarious and sad. Problem is, state lotteries are a game of negative expectation. [...] [...] You think the government has your back? Guess again. Covel quotes statistics that show that 40% of those who make $35,000 and less feel that playing the lottery was the best way to amass $500,000 for retirement. Lotteries are marketed heavily to the poor — people who can least afford them. Wanda Sykes comedy routine about saving for retirement is both hilarious and sad. Problem is, state lotteries are a game of negative expectation. [...]

]]> http://martinkronicle.com/2009/07/04/mathematicalexpectation/comment-page-1/#comment-79 Michael Martin: Broke: The New American Dream » A Couple Things » A couple things about politics, sports, travel, and other stuff. Sun, 05 Jul 2009 07:35:31 +0000 http://martinkronicle.com/?p=650#comment-79 [...] You think the government has your back? Guess again. Covel quotes statistics that show that 40% of those who make $35,000 and less feel that playing the lottery was the best way to amass $500,000 for retirement. Lotteries are marketed heavily to the poor -- people who can least afford them. Wanda Sykes comedy routine about saving for retirement is both hilarious and sad. Problem is, state lotteries are a game of negative expectation. [...] [...] You think the government has your back? Guess again. Covel quotes statistics that show that 40% of those who make $35,000 and less feel that playing the lottery was the best way to amass $500,000 for retirement. Lotteries are marketed heavily to the poor — people who can least afford them. Wanda Sykes comedy routine about saving for retirement is both hilarious and sad. Problem is, state lotteries are a game of negative expectation. [...]

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