Trillions of Markets
Grant Stenger (June 2026)
Why a collapse in the cost of making almost anything tradable produces not thousands of markets but trillions.
Quant Funds and AI Labs Converge
Grant Stenger and Rich Dewey (Jan 2026)
An analysis of the convergence between quantitative trading firms and AI research laboratories.
SUPA: Solana Uniform-Price Auctions for CPMMs
Grant Stenger, Martin Lindsey, Edwin Suresh, Keith Warter, Agam Gambhir (Oct 2025)
A batch-clearing generalization of the constant-product market maker that neutralizes intra-slot MEV by clearing trades at a uniform price.
An Arrow–Pratt Foundation for Almgren–Chriss Execution
Grant Stenger (Dec 2024)
Deriving the Almgren-Chriss execution-risk coefficient from Arrow-Pratt curvature of terminal-wealth utility: local utility, exact GBM variance kernels, and wealth-scaled risk aversion.
A Case for Cooperation: Dependence in the Prisoner's Dilemma
Grant Stenger (Sept 2024)
An exploration of the famous game theory problem.
Why Local Minima Are Rare in High-Dimensional Landscapes
Grant Stenger (May 2025)
A note on Hessians, saddles, and Morse critical points: why nondegenerate local minima are exponentially rare among the critical points of high-dimensional random landscapes.
Optimal Portfolio Weights Under CRRA Utility
Grant Stenger (March, April, Nov 2024)
Deriving optimal portfolio allocations under CRRA utility across binary, multi-asset, and risky numeraire frameworks.
Category Creep
Grant Stenger (Oct 2024)
Using words wrong is bad.
Bayes-Nash Equilibrium in a One-Street No-Limit Von Neumann Poker Model
Grant Stenger (Feb 2025)
A mathematical analysis of optimal betting strategies in a simplified poker model
On Bartleby, the Scrivener
Grant Stenger (Aug 2023)
A reflection on Herman Melville's classic short story