Jan 29

Betting on the Super Bowl? Get math on your side

This Sunday, millions of football fans will cheer for the Denver Broncos and the Seattle Seahawks in the Super Bowl and more bets will be placed on the Super Bowl than on any other single-day sporting event. But professional sports…

Question: Why were pension funds allowed to “invest” in a hedge fund? Hedge funds are nothing more than gambling. Paul Solman: Because pension funds are supposedly big enough and therefore sophisticated enough to know what they’re doing and take considered…