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This is a fantastic thread (despite ignoring state-specific marginal utilities of consumption 🙃) @ben_golub/1326182676466978826Permalink On twitter.com
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I mean, I haven’t run the numbers, but it seems… not impossible that the physical and risk-neutral distributions might differ enough here that e.g., pr ≈ 3% and p ≈ 15¢?On twitter.com
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And by “ignoring” I (🐑ish) of course mean “putting below the fold” @ben_golub/1326192032931606530Permalink On twitter.com
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