Quote:
Originally Posted by pelagius
I'm afraid this is getting silly:
BYU71: ex post outperformance
JAY: ex ante outperformance
Jay, unfortunately didn't make that distinction clear at the beginning but the by the middle of the thread he is clearly is making an argument about ex ante performance and not ex post. A charitable reading of Jay's argument requires that you respond in terms of the ex ante probability of overpeformance.
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Does ex post mean the advisor said what he has done and ex ante means the advisor is saying what he will do?