3 papers
econ.TH2021
Grade Inflation and Stunted Effort in a Curved Economics Course
Alex Garivaltis
To protect his teaching evaluations, an economics professor uses the following exam curve: if the class average falls below a known target, , then all students will receive an e…
econ.GN2019
Nash Bargaining Over Margin Loans to Kelly Gamblers
Alex Garivaltis
I derive practical formulas for optimal arrangements between sophisticated stock market investors (namely, continuous-time Kelly gamblers or, more generally, CRRA investors) and th…
q-fin.PR2018
Exact Replication of the Best Rebalancing Rule in Hindsight
Alex Garivaltis
This paper prices and replicates the financial derivative whose payoff at is the wealth that would have accrued to a deposit into the best continuously-rebalanced portfol…