pash

15 ms·

61.
by pash 9y ago
The Black–Scholes–Merton model does assume a log-normal distribution of price changes, and the tails of that distribution are not fat enough to account for the frequency of large price changes observed in real-world markets. But your critic
62.
by pash 9y ago
The idea that the domain of science is restricted to falsifiable theories, and is therefore fundamentally empirical, dates only to the early part of the twentieth century. Since the Enlightenment, and also in the much older Western classica
63.
by pash 9y ago
> "Satoshi" (or this group of people) must have worked months or a year on this before putting it up on source control. In one [0] of his emails to Mike Hearn [1] Satoshi Nakomoto wrote that he worked on Bitcoin for two years
64.
by pash 9y ago
There is no well defined financial distinction between insolvency and whatever you want to call the situation in which the marked to market net value of a bank's assets goes negative due to a fall in prices during a liquidity crisis.†
65.
by pash 9y ago
Statisticians call this inverse transform sampling [0]. The dual result, that Y = F(X) is uniformly distributed for F the cdf of any random variable X, is called the probability integral transform [1]. 0. https://en.wikipedia
66.
by pash 9y ago
I don't suppose California's farmers are stupid, so I presume it's someone else's stupidity that has made it attractive to grow coffee, the latest in a long line of water-intensive crops, in dry southern California. When
67.
by pash 9y ago
Quite right!
68.
by pash 9y ago
> There is a single party, and it is The State of Maine. That's an interesting way of looking at it, but it doesn't strike me as one that contributes much to understanding the phenomenon. Individual licensed lobstermen, not t
69.
by pash 9y ago
> Kelly argues that this ownership of the lobstering commons, in a cooperative-like structure, leads to greater sustainability. >> Large corporate boats can operate only in designated areas. Instead of permitting limitless liberty
70.
by pash 9y ago
This is an astoundingly vapid article. If you want to understand why and how the UK has so quickly reduced the amount of coal it burns, Carbon Brief has a much more informative overview [0]. The basic explanation of what happened is simple:
71.
by pash 9y ago
Yes, or something like it. It wasn't deliberate enough to suggest "branding" to me, per se, but it did mark a change in self-perception, and a change in how Ukrainians wanted to be perceived by the rest of the world. Slavic l
72.
by pash 9y ago
The Fed and the central banks of other major economies use mechanisms to implement monetary policy that are more or less similar at a high level but which differ in the details. Giving a meaningful answer to your question requires looking a
73.
by pash 10y ago
Search for the phrase "proofs without words" [0, 1]. There's long been a column in Mathematics Magazine by that name featuring proofs in this style, and there is a book of the same title published by the Mathematical Associ
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by pash 10y ago
Whoops, you're right. Just a DAG.
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by pash 10y ago
I've always like this tree [0] because it shows clearly which subjects are prerequisite for learning others. 0. http://space.mit.edu/home/tegmark/toe.gif
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by pash 10y ago
> The ports are all Thunderbolt 3 ports, which I believe by definition means they are USB 3.1 ports as well. But some devices out in the world have USB-C ports that are not Thunderbolt 3 compatible. No longer can you tell what sort of d
77.
by pash 10y ago
Yes, it's 802.11a/b/g/n/ac. The -ac is "Wave 2," the newer version of the spec that supports wider channels and about twice the bandwidth of early -ac gear at near range.
78.
by pash 10y ago
Does anyone know whether the Supreme Court has provided any clarification about whether the amended rules purport to allow American officials to search computers in foreign countries? Or whether the Justice Department has indicated how it w
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by pash 10y ago
Axler's book is very good. An alternative to consider is Paul Halmos's much older Finite-Dimensional Vector Spaces [0]. Both books take the same basic approach, and the proofs of the major theorems are substantially the same. (H
80.
by pash 10y ago
The author neglected to mention that miles driven in the United States increased by a record 107.5 billion last year, up 3.5% [0]. Even at 2014's all-time low death rate of 1.08 deaths per 100 million vehicle miles traveled [1], that i
81.
by pash 10y ago
I won't tell you what you hear, but his manner of speaking is often held out as an example of Mid-Atlantic diction, albeit an idiosyncratic one—Cary Grant spoke like Cary Grant. His accent was his native Bristol at base, with Americani
82.
by pash 10y ago
His accent, however, was not.
83.
by pash 10y ago
Laplace, de Moivre, and their immediate intellectual heirs developed most of the basic components of probability theory in the eighteenth and early nineteenth centuries, and more or less all of the algebraic properties of probability spaces
84.
by pash 10y ago
There seems to be a need to clarify and expand on nickff's comment, so let me give it a shot. ... Lower interest rates mean that lower-return, less productive investments may attract capital (savings) that, all else equal, would be cap
85.
by pash 10y ago
> Are they talking about the same thing here? Yes, they're talking about roughly the same thing. The kernel of the idea is called "equational reasoning", which exploits the key mathematical characteristic of functional p
86.
by pash 10y ago
Local regulations are a big problem, but so are federal ones. In particular, the mortgage market in America is hugely distorted by the implicit subsidies offered by Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy a
87.
by pash 10y ago
Yes, absolutely a code file can be transformed enough that the original license no longer applies. Copyright law in the United States applies the same tests to code as to textual works and works in other media: is the transformation substan
88.
by pash 10y ago
Yes, there's a good argument that the license would apply automatically to modifications to an existing file, but even in that case it is somewhat questionable. Is the modification substantial enough that it could be considered a new,
89.
by pash 10y ago
> I wonder if other people have come to the same conclusion, or if there are flaws in my reasoning. Unfortunately, it doesn't work the way you've hoped. Although there are some licenses (e.g., Apache) that purport to apply au
90.
by pash 10y ago
That sort of transparency is not an intrinsic property of blockchain-based systems. There are already several cryptocurrency protocols in use that obscure data in their blockchains to various extents. Dash [0] does CoinJoin-style mixing at

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