Project Kalpathy

Context

Strong demand from applicants and junior quants for a single thread that connects information asymmetry to executable schedules — without skipping measure-theoretic hygiene where it matters.

Approach

1. Rebuild Kyle with notation fixed once; highlight where linearity assumptions bite.
2. Derive AC with risk terms explicit; map parameters to observable desk quantities where possible.
3. Add “red team” boxes: where the model lies, and what practitioners do instead.

Outcomes

• Living document used in mentorship and reading groups.
• Problem sets with full worked solutions for core lemmas.