Mathematical models...
Is there any way to guard against over-reliance on a mathematical model... seems to be too many hedge funds blowing up if they're so foolproof.
Is there any way to guard against over-reliance on a mathematical model... seems to be too many hedge funds blowing up if they're so foolproof.
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no one actually thinks, "they're so foolproof." in the real world, you make empirical adjustments as needed.
while (program running) { if (unpredictable events occur) go back in time; implement changes in model;
else if (no events occur) continue_to_watch_the_money_pile_up; }
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