Lumifer comments on A hypothetical question for investors - Less Wrong

3 Post author: bokov 03 December 2014 04:39PM

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Comment author: Lumifer 03 December 2014 05:24:50PM *  2 points [-]

You need to define "optimal" in the "optimal decision rule".

Generally speaking, it depends on your utility function (and/or your risk tolerance) and on your time horizon. The shape of the PDF is also pretty important.