Jan

22

What is the equivalent of an open versus a closed game in market trading, and under what conditions is each better or worse?

Nigel Davies writes:

An open game is a volatile one in which the ball comes onto the bat very fast.

Laurence Glazier comments:

Perhaps it can be quantified by the amount of risk the trader is taking, as the greater number of possibilities in an open game steer the players closer to the cliff edge. But there the analogy finishes, as in chess the reward/risk is ultimately for the same prize, whereas in trading, more risk increases the stake.


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