1. (Simple wheel strategy) Consider a strategy of the form (y,0,0) for the investment wheel Show that...

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1. (Simple wheel strategy) Consider a strategy of the form (y,0,0) for the investment wheel Show that the overall factor multiplying your money after steps is likely to be (1+2y)(1). Find the value of y that maximizes this factor.

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Investment Science

ISBN: 9780195391060

1st International Edition

Authors: David G. Luenberger

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