GETTING MY PNL TO WORK

You can also analyse the skewness and kurtosis of your period of time PnL by taking 3rd and 4th moments of $Y_t$ respectively. Presumably you are going to conclude that for 2 collection with identical expectation and variance, you are going to desire the 1 with optimistic skew or lessen kurtosis, but maybe not depending on the self confidence of th