Question
Goal: Best strategies for practical decision-making in a state of uncertainty You have decided to invest in a fund and have narrowed your choices down
Goal: Best strategies for practical decision-making in a state of uncertainty You have decided to invest in a fund and have narrowed your choices down to two options: Fund A has an annualized return of 15% (i.e., the rate of return is on average 15% over the course of a year). Fund B has an annualized return of 20%. Which Fund should you choose and why? What, if any, additional information would you request to make your decision? Pretend you are someone who has NOT taken a finance class, but who has taken a statistics class when answering. Explain your answer.
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