about me
art
biz
Chess
corrections
economics
EconoSchool
Finance
friends
fun
game theory
games
geo
mathstat
misc
NatScience
... more
Profil
Logout
Subscribe Weblog

 
dsquared (guest) meinte am 4. Mar, 19:12:
Quants vs analysts!
Unfortunately, this is only true when default solely happens due to idiosyncratic reason such as illness or a divorce, i.e. when the default of one friend is not related to the default of another friend.

This is why you quants will always need one or two streetwise neanderthals like me about, to remind you that there are all too many cases where the divorce of one set of friends is intimately related to the divorce of another set of friends! 
Mahalanobis antwortete am 5. Mar, 21:04:
Set of friends
I've actually thought about that! I work for a pretty small organization but at least twice a year a woman goes on maternity leave because she got pregnant from a co-worker. And homicide statistics tell us that you are most likely to get killed by somebody you know.

I often have to think of what a philosophy professor and old friend of mine once told me: You can have as many extramarital affairs as you like. This might even be good for your relationship. But keep one thing in mind: Never ever shit in your own backyard!

The only reason why quants would stop listening to streetwise analysts is that at one point they would have to admit that an educated guess beats a sophisticated model more often than not... 

Name

Url

Remember my settings?

Title:

Text:


JCaptcha - you have to read this picture in order to proceed
Change Picture