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Requirements
Gambling and stock trading the paper should be about one or both of the following paradoxical observations: the large amount of gambling and the large amount of stock trading.
There are two short readings that go some way toward setting out the sense in which these are paradoxical observations.
Starting from those readings, you should find and summarize other work which provides theories of those observations.
Readings:
1. Investment Decision under Uncertainty: Applications of the State-Preference Approach Author(s): J. Hirshleifer
https://www.jstor.org/stable/1880692
2. A Bit About the St. Petersburg Paradox by Jesse Albert Garcia
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People often say that gambling & stock trading is just a stroke of luck. Well, luck does play a role. Researchers and stock brokers have been trying to crack the trick to both gambling and stock trading since the time it has been introduced. What they have found that using maths as a tool; we can help predict the eventual outcome(s) to both gambling or stock trading. Let’s dig deep in this topic in parts. Gambling “You are made an offer. A coin shall be tossed until it turned up tails. If the coin cames tails on the nth toss, you will receive $2n, i.e. if it comes tails on the 6th toss, you would receive $26 = $64.”
Very High-Quality Work Needed Comments, Attachments & Requirements from the Client as under: gambling and stock trading the paper should be about one or both of the following paradoxical observations: the large amount of gambling and the large amount of stock trading. There are two short readings that go some way toward setting out the sense in which these are paradoxical observations. Starting from those readings, you should find and summarize other work which provides theories of those observations.
You may want to apply a linear mapping f to a k-dimensional subspace. You could then be tempted to use (4.7) with its pseudoscalar Ik substituted for In to de?ne what the determinant of f is on this subspace. Why doesn't this work?
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