Cover image

A Full Distribution Is Not a Risk Certificate

TL;DR for operators A team is deciding whether an AI risk dashboard should trigger a safer action, an operational alert, or a governance review. The system predicts a range of possible returns for each action rather than only an average, so its output may appear to provide stronger evidence about worst-case outcomes. ...

July 30, 2026 · 8 min · Zelina
Cover image

Beyond the Mean: Teaching RL to Price the Entire Option Distribution

TL;DR for operators Pricing desks usually ask an exotic-option model for one number: the expected discounted payoff. The paper behind this article asks for the whole conditional payoff distribution instead.1 That sounds like a small statistical upgrade. It is not. It changes what the model is trying to learn, what risk information becomes available after training, and where the engineering fragility enters. ...

July 20, 2025 · 17 min · Zelina