The Behavioral Gap: What Protection Actually Delivers After Panic, Lapse, and Raids
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Fat Tail Notes · Part 20 · V10-P8 Part 19 priced the retail garment and found something encouraging: a 2% cash buffer and a 2% put both improve the tail at every policy-capacity level, and at C=0.25 the put's nominal tail protection reaches 41.7 points. Then Part 19 ended with the uncomfortable que…
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- 2026-09-28 12:21 · DEV Community — AI
The Behavioral Gap: What Protection Actually Delivers After Panic, Lapse, and Raids