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The author thinks that randomness is just a simplification: no, it is the statement of lack of information about the future. Random (in markets) does not mean
by pfortuny 8y ago
The author thinks that randomness is just a simplification: no, it is the statement of lack of information about the future.
Random (in markets) does not mean “following a uniform distribution”. It means modelled by a random variable (which is a technical term).