I recall an Irish Dogg friend of AA and mine being offered a swank Wall Street statistician job. He asked about theories and results, and wondered aloud to the other statisticians what one does in Wall Street when the latter doesn't match up with the former. Their response: "We change the model to fit the figures, and then forward positive projections..."
Yes, in light of this the Irish Dogg found another pursuit, something far removed from Wall Streets of downtown NYC.
12 comments:
Perils of Analysis, in full view. If we'd stuck to commuting diagrams and the like, we wouldn't be in this deep mess.
I think I should agree with you, but this is more Ito calculus crap.
Ito Calculus is actually quite beautiful, it has just been used for Evil.
I blame the computer programmers :)
I blame crazy Bible-thumpin' wild-eyed repro-nuts!
Ito ?
Ito.
I recall an Irish Dogg friend of AA and mine being offered a swank Wall Street statistician job. He asked about theories and results, and wondered aloud to the other statisticians what one does in Wall Street when the latter doesn't match up with the former. Their response: "We change the model to fit the figures, and then forward positive projections..."
Yes, in light of this the Irish Dogg found another pursuit, something far removed from Wall Streets of downtown NYC.
Ito is like 93. What does he say about the uses and colossal misuses of his effing calculus?
Nash and ... Krugman? Oh, gimme a break. It's simply a different universe here.
Krugman is to Nash what Salieri was to Mozart.
Mozart sucked.
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