Some of the most brilliant mathematical folks on the planet, similar to Lee.
They are often referred to as the guys that helped bring the meltdown to our financial system. Today as I worked in the yard I finished one book and began (for the second time) a book about "The Quants"....by Scott Patterson. I find it intriguing, utterly fascinating and bewildering as well that there are people this smart.....but wrong about their models that they felt were so impervious.....they can't quantify the human element and that was their downfall, once it began it was a feeding frenzy that fed upon one computer model after another. Since then they have put in circuit breakers to hopefully give the machines a wink that the route is over and it's time to move the other direction. It seems to have really helped and maybe the whiz kids have also changed the way their programs work....we won't know until the next time. John On May 24, 2013, at 4:52 PM, Harry Jacobson-Beyer wrote: > What are quants. > On May 24, 2013, at 11:59 AM, Jonathan Fletcher <[email protected]> > wrote: > >> On May 24, 2013, at 11:33 AM, Lee Larson <[email protected]> wrote: >> >>> Rand has a database. I wonder with whom he shares it. >> >> >> Politics has become all about databases. Surely you remember all the stories >> about how the quants won Obama the last election? >> >> You'll never again even be able to file as a candidate for an office without >> an underground bunker full of database mathemeticians calling the shots. >> >> j. >> >> >> >> -- >> Jonathan Fletcher >> FileMaker 9/10/11/12 Certified Developer >> >> Fletcher Data Consulting >> [email protected] >> http://www.fletcherdata.com >> 502-509-7137 >> >> Kentuckiana's FileMaker Developers Group >> Next meeting: Tuesday, May 28th, noon to 3:30-ish (Special guest!) >> http://www.kyfmp.com >> >> >> _______________________________________________ >> MacGroup mailing list >> [email protected] >> http://www.math.louisville.edu/mailman/listinfo/macgroup > > > _______________________________________________ > MacGroup mailing list > [email protected] > http://www.math.louisville.edu/mailman/listinfo/macgroup
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