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BGonline.org Forums
Jacoby-like paradox?
Posted By: Stick In Response To: Jacoby-like paradox? (Timothy Chow)
Date: Wednesday, 26 August 2009, at 1:21 a.m.
I don't think this has anything to do with any sort of paradox and exists more commonly than you think. All you're saying is play A will be correct even though another play wouldn't have got you cubed. All this means in the relatively common situations I'm referring to is that play A raises the volatility of a particular position whereas play B may not. Regardless, play A is still the best play even though you get cubed in.
Stick
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