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You are correct. But when people say "finance is science" what they usually mean is "here is the complicated math that proves you can't lose money on this, we'
by 323 4y ago
You are correct.
But when people say "finance is science" what they usually mean is "here is the complicated math that proves you can't lose money on this, we've modeled everything".
As the joke goes, 6 sigma events happen in finance every week.
- JumpCrisscross 4y ago> when people say "finance is science" what they usually mean is "here is the complicated math that proves you can't lose money on this, we've modeled everything" 100% agree. When I was an algorithmic derivatives trader, we joked that the math was there to scare up investors and scare off compliance. Little did we know...
- Ygg2 4y ago> we've modeled everything That's a great science joke.
- bawolff 4y agoThis is silly. This is like saying physics is not science because the nutjobs claiming we will recieve divine revelation by praying to "the quantum energy field" use physics-y terms in their BS.