Category Archives: risk

Can Math Beat Financial Markets?

Via Scientific American. Can Math Beat Financial Markets? Mathematical models help assess risk, but woe betide those who think math can predict stock market gains and losses By David Biello | Tuesday, August 16, 2011 |13 MARKET MATH: Can mathematical models … Continue reading

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Re-”inventing” Monte Carlo?

Andrew Gelman points to a patent of Monte Carlo method. It is not surprising if considering the large number of software patents, and mobile patents dispute recently, in which all the tech giants are suing one  another. Maybe it is … Continue reading

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ratings agency’s business model is, essentially, lying for money.

Via The Big Picture. This incompetence is by design. S&P is always paid by the company issuing the debt it is rating. It’s as if a newspaper ran stories specifically sponsored and with editorial input from advertisers. Such a business … Continue reading

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