When

The Markowitz model assumes that investors are “risk averse”, which means that they: – will not take a “fair gamble.” – will take a “fair gamble.” – will take a “fair gamble” fifty percent of the time. When the Markowitz model assumes that most investors are risk averse, there are… 

Loner Range: When a team reaches 6 points they are referred to as in “Loner Range” because they need 4 or fewer points (a successful going-alone is worth 4 points) to reach 10 points and win a game. During a loner or lone hand, the bidder’s partner discards their cards…