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pelagius · 08-04-2008, 09:08 PM

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.

08-04-2008, 09:08 PM	#17
pelagius Senior Member Join Date: Nov 2006 Posts: 1,431	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.