{"id":6710,"date":"2014-03-27T22:53:54","date_gmt":"2014-03-28T05:53:54","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=6710"},"modified":"2014-03-27T22:53:54","modified_gmt":"2014-03-28T05:53:54","slug":"finally-here-is-a-mathematical-proof-that-the-heuristics-used-by-traders","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2014\/03\/finally-here-is-a-mathematical-proof-that-the-heuristics-used-by-traders\/","title":{"rendered":"Finally, here is a mathematical proof that the &#8220;heuristics&#8221; used by traders&#8230;"},"content":{"rendered":"<blockquote>\n<p>Finally, here is a mathematical proof that the &#8220;heuristics&#8221; used by traders and derived bottom-up are both more robust and more rigorous (mathematically) than the pseudomathematics used by economists.<\/p>\n<p>The best way to beat economists is to be more rigorous mathematically than they are, not discard the math.<\/p>\n<p><a href=\"http:\/\/www.fooledbyrandomness.com\/OptionPricing.pdf\" target=\"_blank\">http:\/\/www.fooledbyrandomness.com\/OptionPricing.pdf<\/a><\/p>\n<\/blockquote>\n<p>via <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=10152111753388375&amp;id=13012333374\">Finally, here is a mathematical proof that the&#8230; &#8211; Nassim Nicholas Taleb<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally, here is a mathematical proof that the &#8220;heuristics&#8221; used by traders and derived bottom-up are both more robust and more rigorous (mathematically) than the pseudomathematics used by economists. The best way to beat economists is to be more rigorous mathematically than they are, not discard the math. http:\/\/www.fooledbyrandomness.com\/OptionPricing.pdf via Finally, here is a mathematical [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[123],"class_list":["post-6710","post","type-post","status-publish","format-standard","hentry","category-facebook","tag-heuristics"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=6710"}],"version-history":[{"count":2,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6710\/revisions"}],"predecessor-version":[{"id":6712,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6710\/revisions\/6712"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=6710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=6710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=6710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}