I think Gerald is making the point that perhaps the slope is asymmetric because the risk is asymmetric.
And what I’m saying is that I agree. As in, I’m not arguing that there’s no reason for the slope to be the way that is, I’d think most slopes are asymmetric exactly because of very real asymmetric risks/rewards they map to.
I think Gerald is making the point that perhaps the slope is asymmetric because the risk is asymmetric.
And what I’m saying is that I agree. As in, I’m not arguing that there’s no reason for the slope to be the way that is, I’d think most slopes are asymmetric exactly because of very real asymmetric risks/rewards they map to.