Posted on March 19th, 2017
The World According to Nassim Taleb
Derivatives Strategy: What problems do you have with financial
Nassim Taleb: I disagree with such an approach in financial risk
management. Some folks looked
at the literature and saw differential equations and said "Gee it's like engineering".
Engineering relies on models because you can capture the relationships in the physical world very
well. Models in the social sciences se...