Beating Rules Of Thumb
29:59–31:17 · 78s
Choi quantifies welfare losses: 100-minus-age and 60/40 aren’t terrible, but his rule is dramatically closer to optimal across parameter sets.
29:59–31:17 · 78s
Choi quantifies welfare losses: 100-minus-age and 60/40 aren’t terrible, but his rule is dramatically closer to optimal across parameter sets.
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