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Everything I have read about this glosses over this critical bit which I am very curious about. I understand there is/was a worldwide pandemic and all of that, but it feels to me that there wasn't necessarily a reason exams couldn't be taken in socially-distanced class rooms (with students wearing masks, as well as the teachers, of course) or if needed be in repurposed venues, like football stadiums (leaving plenty of space between students).
Was there a concern for fairness should the exams proceed? Or was it safety? Or did the government put their foot down on no exams? Or was it the teachers/unions? What happened?!
You'll notice I am returning the expected return and variance of the returns. I didn't talk about it too much (besides a high level risk vs. returns at the end) because I didn't want to introduce another concept, but you can readily compare the sharpe ratio using those.
I did a quick analysis (which I had put here but I can't properly format it) here: https://gist.github.com/scast/d7ab3a0f5c5458c11d8624cc73806d...
I am not super well versed on the secretary problem but I think some people have already looked into it for AC [1].
In general, what I was looking was to associate a risk profile to a series of decisions of either HOLD or SELL(amount) given the current probability distribution.
[1]: https://www.reddit.com/r/GAMETHEORY/comments/fn2grx/optimizi...
And for sure, if you have access to other people islands a lot of this becomes moot, as you will probably just sell at the highest price in any of your friends islands :)
The thing with free rides is that, no matter how high or 'great' they sound on paper, they eventually end, and you see the real problems.
> "Importers could buy stuff with their black market dollars and then replenish their stash when Cadivi finally payed them."
Sounds just great. A 'great' working economy, working around arbitrage and fantasies. I don't need to have 'political biases' to see that Chavez, whose agenda crippled the entire private sector and killed every other possibility of economic growth that didn't depend on oil, would be in exactly the same position as Maduro.
I am absolutely sure that Maduro, while incompetent, is in the same kind of problems Chavez would be, and is pushing the same agenda Chavez would have. Let's not get confused by personality cult here.
For a perspective/survey check this out: http://www.dis.uniroma1.it/~degiacom/didattica/semingsoft/ma...