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Re: zipjet post# 115749

Wednesday, 03/02/2011 9:48:25 PM

Wednesday, March 02, 2011 9:48:25 PM

Post# of 252984
MNTA: Re:

In zero sum games the weaker gets the short end. That would be MNTA.



It's clearly not zero sum.

The expected value is zero sum, but both sides have a risk profile that differs.

In this case, it is possible that MNTA would accept an EV reduction in return for de-risking, while NVS gains some EV at far less risk.
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