How pseudo-science wrecked Wall Street — Nassim Taleb’s testimony before the House of Representatives

The pseudo-science of “measured risk” — Nassim Taleb’s testimony before the House Committee on Science and Technology, Sept. 9, 2009.

As I’ve said before.  Blame the economists.

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One Response to How pseudo-science wrecked Wall Street — Nassim Taleb’s testimony before the House of Representatives

  1. Lio says:

    Greg,

    Sorry but Nassim Taleb is not serious. In financial modeling, what he says is neither new nor better than what currently exists. Those who practice quantitative finance in depth, students, professors or professionals, would like that instead of criticizing, some actually offer something better than what already exists and no blah blah blah. When I listen or read Nassim, all I hear is blah blah blah. He may seem relevant to the layman but he is not for someone who knows a little financial modeling. Read this for example (k. French’s answer)
    http://www.dimensional.com/famafrench/2009/03/qa-confidence-in-the-bell-curve.html#more

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