Here is a strategy that beats the S&P

Please point to descriptions of strategies based on payoffs.

All I can find is game theory general information.

 

Hi Jeb999,
Actually the strategy is flawed.
Most of them are so. Payoff refers to Absolute returns.
It's Risk : Reward based if you want. Nothing fancy about that.

 

Thanks for the information.

From 1900 to 1999 simple trend following strategies worked.

From 2000 on it has been mean reversion.

Feel free to PM me with strategies that aren't flawed.