Theory versus Statistics, Financial Economics Edition. "You can almost here the lament of this quant that the real math theory has been dead since 1980, and that it has all been applied and statistics ever since. It’s like Fischer Black was Kool Herc and Myron Scholes was Afrika Bambaataa, and they’d all go plug in their computers into lamp posts and do martingale representations in the streets and at house parties. And, of course, it was all ruined in 1979 when it went commercial." A response to The Last Temptation of Risk by Barry Eichengreen.
posted by chunking express
on May 4, 2009 -
8 comments
