Tag Archives: suprise

Economist on fat tails and finance

A special report on the future of finance in The Economist Fallible mathematical models: In Plato’s cave: … although the normal distribution closely matches the real world in the middle of the curve, where most of the gains or losses … Continue reading

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Don Ludwig on the Black Swan

The applied mathematician and scholar of uncertainty Don Ludwig reflects on the financial crisis, resilience, and The Black Swan: This is a sort of book review. By now you may have heard of The Black Swan: the impact of the … Continue reading

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