ELI5: Explain Like I'm 5

Chance-constrained portfolio selection

Chance-constrained portfolio selection is when you pick stocks or other investments for your portfolio, considering different possibilities that could happen in the future and making sure you have a good chance of making a profit no matter what happens. To put it another way, it means making sure that whatever choices you make about which investments to include in your portfolio, you have a good chance of making money no matter what happens in the future.