@Neel Nanda. Quick update: I’ve now discussed this offline with a bunch of people who are considering potential strategies of this nature. It seems to me that ‘mission-correlated investing’ is a better umbrella term for these strategies that work with financial-mission correlations to enhance expected value. ‘Mission hedging’ strategies would be the subset of mission-correlated strategies that both increase expected value and reduce the variance of outcomes.
@Neel Nanda. Quick update: I’ve now discussed this offline with a bunch of people who are considering potential strategies of this nature. It seems to me that ‘mission-correlated investing’ is a better umbrella term for these strategies that work with financial-mission correlations to enhance expected value. ‘Mission hedging’ strategies would be the subset of mission-correlated strategies that both increase expected value and reduce the variance of outcomes.