You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

Lumifer comments on A hypothetical question for investors - Less Wrong Discussion

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

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (32)

You are viewing a single comment's thread.

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.