Expected value and fair prices
Expected value is the average outcome over many plays. It is what a game is worth to someone who will play it many times, and it is the first number a trader wants.
This lesson is Pro
All 9 lessons in Quant trading foundations, with checks as you read, two quizzes, and flashcards.
The first lesson of every track stays free.
7 days of Pro. No card, nothing to cancel.