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as the sum of growth and cash flow, and specifically negative unrealized output
document IMAGES-001-HOUSE_OVERSIGHT_011041.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…realized output. Then deadweight loss = unrecovered decapitalization = negative output = negative unrealized output = max (0, - output) = max (0, - unrealized output). (6.10) Also positive unrealized output = max (0, proprietary output), (6.11) and output = unrealized output...

Introduction: On the Promise and Peril of AI
document IMAGES-004-HOUSE_OVERSIGHT_016809.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…manent, while the advantages of natural over artificial intelligence, though substantial at present, appear transient. Max Tegmark: Let’s Aspire to More Than Making Ourselves Obsolete We should analyze what could go wrong with AI to ensure that it goes right. Jaan Tallinn: Diss...

Explaining our taste for excessive harm
document TEXT-001-HOUSE_OVERSIGHT_012747.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… and killing only when there is a significant imbalance of power. This imbalance minimizes the costs to the killers and maximizes the odds of a successful kill. Still, the rarity of killing reinforces an uncontested conclusion among biologists: all animals would rather fight and...

Re: Financials: buy XLF call spreads
email IMAGES-001-HOUSE_OVERSIGHT_012044.txt Dec 9, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…h a short 110% call that knock in if XLF trades above 115% during the life of the trade for 1.75% premium cost " Gross max payoff if knock-in is triggered: 2.8x (5.0%/1.75%) = Gross max payoff if knock-in is not triggered: 5.6x (9.9%/1.75%) — you have upside up to 114.9% Regard...

Computer scientist Stuart Russell, along with Elon Musk, Stephen Hawking, Max
document IMAGES-004-HOUSE_OVERSIGHT_016831.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Computer scientist Stuart Russell, along with Elon Musk, Stephen Hawking, Max Tegmark, and numerous others, has insisted that attention be paid to the potential dangers in creating an intelligence on the superhuman (or even the human) level—an AGI, or artificial general intellige...

European volatility: Sector snapshot
document IMAGES-003-HOUSE_OVERSIGHT_014986.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Real vol* 3Mth 95%-85% put spread 3Mth 100%-110% call spread** reversal** index _ Current Current Current price Weekly Max price Weekly Max price™* Weekly Weekly 2Yr (%of change 2Yr payout (%of change 2Yr payout (%of change 2Yr Weekly Current change %-ile Current spot) (bps) %...

Financials: buy XLF call spreads
email IMAGES-001-HOUSE_OVERSIGHT_012045.txt Nov 22, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…at-expiry knock-in at 125% (call is not active unless XLF is 125% or higher at expiry) o Total premium is 2.6% o Gross max payoff if knock-in is triggered: 2.9x (7.5%/2.6%) o Gross max payoff if knock-in is not triggered: 5.7x (14.9%/2.6%) — you have upside up to 124.9% Post E...

86th year, No. 23811 TUESDAY, DECEMBER 13, 2016 $1
document TEXT-001-HOUSE_OVERSIGHT_014498.txt Dec 13, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ithout payment on the loan — or waivers or relief, which has happened three times since 2013 — the rate is scheduled to max out by 2028. That’s barring the imposition of step increases, which can happen if the state has an outstanding balance for a certain number of years, or if...

Chart 27: The current vega outstanding in the ESTX50-linked structured products is EUR 143mn
document IMAGES-008-HOUSE_OVERSIGHT_025991.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ty Real vol* 3Mth 95%-85% put spread** 3Mth 100%-110% call spread reversal™™ index Current Current Current price Weekly Max price Weekly Max price™* Weekly Weekly 2Yr (%of change 2Yr payout (%of change 2Yr payout (%of change 2Yr Weekly Current change %-ile Current spot) (bps) %-i...