VCE Notes Awards

[brendan]

Umm. Hedging is by definition reducing (unnecessary) risk while still maintaining healthy profit, or reducing the magnitude of losses.

i would say its just about reducing or canceling out risk. hedging doesn't imply whether or not it is necessary.

[bubble sunglasses]

    is there a lot in finance related to football betting?

[AppleXY]

Yeah, that's why i put it in brackets. It's not always unnecessary risk, but I mean like the risk of volatility which is unwanted (like for exporters who hedge on currency to escape the volatility of FOREX).


Even though generally speaking hedging is only reducing risk; you expect that you'll get an benefit for it, which in this case means you'll expect to make a profit or reduce losses.

Eg by hedging the equities market, say BHP and Rio Tinto, you expect to make a profit even if it's small.

[Collin Li]

    is there a lot in finance related to football betting?

Probably not. You might be able to develop an efficient portfolio for betting, but finance is really just the theory. You have to be an empiricist to get the inputs you need for the theoretical equations. It's one thing to talk about the efficient markets line, but it's another thing to actually know the expected return and standard deviation of many assets.

It might give you a new way of seeing betting I guess.

[brendan]

    is there a lot in finance related to football betting?

not really... more probability theory?

[humph]

I have already included on my resume that I am a moderator of VCENotes.com.

I think that is the only thing you could possibly put on your resume. An academic award from the site would not be reputable. It'd be the equivalent of stating your Distinctions from all those Maths and Geography competitions from years 7 through to 11 (I have heaps piled up, worthless really).

i keep my maths HDs from those competitions on my resumé. it can be relevant for certain jobs that you apply for, imo.

[enwiabe]

Lol, I don't think so. An HD in a westpac maths competition from grade 4 won't land you anything. An HD in a 3rd year complex analysis subject though, now that might do some persuasion.

[humph]

Lol, I don't think so. An HD in a westpac maths competition from grade 4 won't land you anything. An HD in a 3rd year complex analysis subject though, now that might do some persuasion.

not grade 4, just yrs10-12 (i didn't do most of the others). relevant certainly for applying for my degree, but also in terms of achievements for some high school/uni tutoring jobs (in my experience, people like to know they're being tutored by someone who did well, regardless of the importance).

and i'm doing complex analysis next semester shall be fun. currently doing analysis 2 = topology, measure theory & integration, and hilbert spaces. exciting stuff.

[Ahmad]

That sure sounds like fun . What field of maths do you want to major in?

[humph]

That sure sounds like fun . What field of maths do you want to major in?

no idea yet. i loved elementary number theory last year, so after i do complex analysis next semester i should be able to do some analytic number theory, which sounds kinda cool - prime number theorem, riemann zeta function etc.
i'm enjoying analysis a lot too, so i'll see how i keep going with that. and i'll do my first algebra course next semester, though i don't think i'll like that quite as much as analysis. we'll see.