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Brayden Warwick

๐Ÿ‘ค Speaker
58 total appearances

Appearances Over Time

Podcast Appearances

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

I'd like to understand how does dynamic programming contribute to the understanding of financial decisions?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

How would you describe the integrated financial planning architecture that underlies your theory?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

So how do the fiber bundles come into your theory?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Wild.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

In your paper, you assigned a weighting function to each of the domains like cash flow, weighting on cash flow, tax, retirement, and so on.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

But would you think about assigning a weighting factor to each objective?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Would you potentially change the objective function depending on client preferences or would you just leave it?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

at the level of assigning weights to each domain.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

We talked about the natural kinkiness of financial planning.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

So how do you solve for that when the objective functions aren't smooth and the topology is not smooth?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

How do you actually work around that from a mathematical perspective?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Can you dig into that a little bit more?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

How does the relative urgency of various schools get reflected in the model?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

There are some significant costs to that.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

So how should financial planners think about applying your mathematical model to real financial planning scenarios?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Does this value of integration and financial planning scale linearly with wealth?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

So AI is the hot topic these days.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

From your perspective, how does AI interact with the value of a human advisor?

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