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Quote: "The other thing to keep in mind is that an over-reliance on math can also seriously hinder progress in certain fields and even lead to great financial a
by lutusp 11y ago
Quote: "The other thing to keep in mind is that an over-reliance on math can also seriously hinder progress in certain fields and even lead to great financial and personal losses. Finance is a great example; the highly sophisticated models developed by physicists on Wall Street caused more harm than good."
This is very misleading -- it tries to hold mathematics responsible for what in fact was a mixture of superficial mathematical reasoning and an inability to grasp that the mathematical models had little to do with reality. It was an example of using mathematics to conceal rather than reveal.
If the mathematical model doesn't accurately model reality, don't blame the math, blame the mathematician.