European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 12 July | 158 comments (158 topical, 0 editorial, 0 hidden)

Re: interesting discussion (4.00 / 2)

By the way. To what extent were those ex physics PhD students aware that they are doing bogus science for the banks & brokers?

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 13th, 2009 at 07:48:28 AM EST
[ Parent ]

Re: interesting discussion (none / 0)

I'm not sure mathematical finance is bogus.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.

by Migeru (migeru at eurotrib dot com) on Mon Jul 13th, 2009 at 09:03:03 AM EST
[ Parent ]

Re: interesting discussion (4.00 / 2)

Often they weren't.

The trouble happens when you take the models and ignore the limitations because you damn well want to.

by Colman (colman at eurotrib.com) on Mon Jul 13th, 2009 at 09:09:19 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 12 July | 158 comments (158 topical, 0 editorial, 0 hidden)

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