If you’re an active investor, the markets or the universe can punish you for deviating from independence unless you’re paying very close attention.
But this is again my general point—the mode decision you have to make (including decisions not to do something) the closer an unlosing agent resembles an expected utility maximiser.
If you’re an active investor, the markets or the universe can punish you for deviating from independence unless you’re paying very close attention.
But this is again my general point—the mode decision you have to make (including decisions not to do something) the closer an unlosing agent resembles an expected utility maximiser.