- What is Understand Risk about?Understand Risk is a platform dedicated to providing insights and knowledge about risk in capital management, including mathematical logic and psychology.
- Who is the author of Understand Risk?The website is authored by Goh Meng Han.
- What topics does Understand Risk cover?Understand Risk covers various topics related to risk management, such as the law of large numbers, deviation value, the concept of downfall, and the Kelly Criterion.
- What is the Kelly Criterion?The Kelly Criterion is a mathematical formula used to determine the optimal size of a series of bets. It's often used in gambling and investment, particularly in trading.
- What is the law of large numbers?The law of large numbers is a principle of probability that describes how the average of a randomly selected large sample from a population is likely to be close to the population average.
- What is deviation value?Deviation value is a measure of dispersion in a set of numerical data, representing how far away the data points are from the mean.
- What is the concept of downfall in risk management?Downfall in risk management refers to the potential loss or negative event that could negatively affect your investment or portfolio.
- What is the purpose of risk management in capital management?The purpose of risk management in capital management is to make money, or more specifically, to pursue capital growth while preserving the principal.
- What is the subscription service on Understand Risk?The subscription service on Understand Risk allows subscribers to stay up-to-date with the latest news and access a library of members-only articles.