James Chen, CMT is an expert trader, investment adviser, and global market strategist. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, ...

This column explains why investment practice diverges from his theory. Let’s begin with Samuelson’s logic. His assertion is founded on the mathematical truth that while the annualized rate of return ...

Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Every week, it seems, there’s a new financial website with just the right solution for managing your money. “We’ll bucket you.” “We’ll goal you.” “We’ll de-tax you.” “We’ll balance you.” “We’ll ...

This paper re-examines two major concerns about the validity of Pascal's Wager: (1) The classical von Neumann-Morgenstern Theorem seems to contradict the rationality of maximising expected utility ...