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re: Taleb goes into self-imposed exile
Posted on 12/3/09 at 3:52 pm to sneakytiger
Posted on 12/3/09 at 3:52 pm to sneakytiger
Maybe Taleb is tired of supposedly astute practitioners getting it wrong:
We Don't Quite Know What We Are Talking About
We Don't Quite Know What We Are Talking About
1
Posted on 12/3/09 at 4:37 pm to tirebiter
From your link:
Who could ever get confused by that!?!
quote:
Finance professionals....seem to confuse mean absolute deviation with standard deviation, causing an underestimation of 25% with theoretical Gaussian variables.
Who could ever get confused by that!?!
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