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> They might not help you prepare for a black swan type event at some point probabilistic simulations were all the rage in the financial industry and then the
by college_physics 4y ago
> They might not help you prepare for a black swan type event
at some point probabilistic simulations were all the rage in the financial industry and then the financial crisis happened
it is a fine art to figure out how to elicit the benefits of Monte Carlo simulation to put some structure around the future without falling into a mental trap that blinds you to non-quantifiable scenarios