Tag: expected

In this post we will take a closer look at the expected return that is often stated for investments like stocks and other financial assets, or for certain outcomes in gambling. The point we want to convey is that the expected return is only valid for one period or a single “iteration” (s...

My wife glanced over, batted her eyes at me, and gave me that mischievous grin that said, Buckle up, dude; I’m about to light up your credit card! “What now?” I asked, rolling my eyes. “I wanted to give you a heads up that you’re going to see a $200 charge on...