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A comment on Math behind Dope Wars drug trading for profit. Parent comment

Re:Math behind Dope Wars drug trading for profit by Read_the_Genes on Friday January 14, 2011 @01:21AM (#2102778)
I agree, this math is terrible. Just. Terrible.

Please no one believe this post, it uses dubious statistics.

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Re:Math behind Dope Wars drug trading for profit by jmtame on Friday January 14, 2011 @01:38AM (#2102802)
it depends on your assumptions. i updated some of the numbers, but if you have suggestions definitely feel free to add a comment.
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Re:Math behind Dope Wars drug trading for profit by Read_the_Genes on Monday January 17, 2011 @03:20PM (#2113281)
Sorry to be so harsh, but this analysis is really lacking.

If you want to learn more about how to hedge bets, read about things like moment theory or the Kelly criterion.

Also, taking a measure like variance would be much more meaningful than just the spread of the payoff.

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