Bearish, you're ruining the reputation of charming and romantic Norwegian men. Or maybe it works with supermodels. How would I know? Luckily (or not), my only long legged competition are moose
How do you handle the transaction costs (which are the higher the more frequent hedging, right?)? Secondly, isn't the volatility adjustment you use too simplistic? Disclaimer (before Bearish starts to laugh that I'm the fist to comment): all I know about trading i learnt "via osmosis" than...
"The essence of the present theory is that no probability, direct, prior, or posterior, is simply a frequency". Kolmogorov's measure theory applied to probability calculus is just a veil covering a much deeper problem. You folk de Finetti and Keynes wrestled with it.
Been to London last weekend. Just as wonderful as always, or more. We even got free local food to try from some kind folk at the pub because we are so luvly katts
I prefer to attribute it to Cybenko ;-P Don't we all live in the world of gospels/models? MLers would tell you that indeed the theory doesn't give any useful hints about the size of the network or the learning algorithm. But at least it deals with deterministic functions. It's not half as wrong as c...
We can thank NYT for promoting AI back in 1959(?) praising Rosenblatt's (flawed) NN model. AI is a story of unfilled promises since that time, like Scylla and Charybdis. Somewhere, in some server room, that 5 ton IBM machine will still be churning out insurance quotes and being billed per query. :)...