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Nobel prize winning academic research is awful in the finance space. It's based on flawed assumptions and it's results are completely useless. Either a) the per
by boomshucka 11y ago
Nobel prize winning academic research is awful in the finance space. It's based on flawed assumptions and it's results are completely useless. Either a) the person claiming this is aware and effectively lying, or b) don't know this and aren't competent.
- icu 11y agoI agree, most of the time... perhaps start with an understanding of how models break by reading "Black Swan" and "The Misbehaviour of Markets".