Losing the winning game

The betting errors made by the subjects included over-betting, under-betting, erratic-betting and betting based on previous flips
The betting errors made by the subjects included over-betting, under-betting, erratic-betting and betting based on previous flips
One apportions investment positions or portfolio weightings according to one’s informed estimate of each stock’s probable return; it is the weighting that provides the highest geometric mean of outcomes; betting your beliefs.
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