Here $\rho$ controls the guidance strength. The reverse-kernel structure keeps the same base mean and nominal noise scale $\sigma_t$, while the whitening operator uses confidence-interval projections ...
Smells: legacy aliases (_phi = _option_premium_ratio; contest_share_L_fixed_pie simply delegates to contest_share_L); the endogenous-λ machinery (xi, lam_0, eta, lambda_tilde) is plumbed through the ...
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