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Ep. 491: Brian Christian Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Refuse Minimization Framework

There is explicitly a class of algorithms that are called regret minimization algorithms for example in the multi armed bandit problem you can formalize the notion of regret. Even following the best possible strategy you are still going to make mistakes all the way through your life but the frequency and intensity of those mistakes will go down as you go through your life. We can literally minimize our regrets in life by focusing on the things that have the most positive potential which I find very profound.

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