Applying Financial Engineering Ideas to Everyday Life
The finance industry has lots of interesting and useful concepts, especially about managing risk and thinking about uncertainty, that aren't commonly known outside of it. I'll talk about the advantages of stating markets instead of probability estimates, the importance of adverse selection, how to think about hedging and insuring your personal risk, arbitraging your perceptions of value, the perks and pitfalls of everything being correlated with everything else, the value of trading risk, and the difference between catastrophic risk and volatility.
It'll be at an apartment in the financial district in Manhattan. Sign up to the Google Group for more details. We have meetups every week but they aren't always posted on LessWrong.
This Tuesday's OBNYC meetup will be a talk:
Applying Financial Engineering Ideas to Everyday Life
The finance industry has lots of interesting and useful concepts, especially about managing risk and thinking about uncertainty, that aren't commonly known outside of it. I'll talk about the advantages of stating markets instead of probability estimates, the importance of adverse selection, how to think about hedging and insuring your personal risk, arbitraging your perceptions of value, the perks and pitfalls of everything being correlated with everything else, the value of trading risk, and the difference between catastrophic risk and volatility.
It'll be at an apartment in the financial district in Manhattan. Sign up to the Google Group for more details. We have meetups every week but they aren't always posted on LessWrong.
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