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re: The Obama Bank Shakedown- "It has nothing to do with justice or restitution"

Posted on 8/27/14 at 11:42 am to
Posted by Taxing Authority
Houston
Member since Feb 2010
57455 posts
Posted on 8/27/14 at 11:42 am to
quote:

stop using the modeling methods of the Engineering sciences to quantify 'risks' in financial instruments.
What does "modeling methods of Engineering sciences" mean? What modeling methods do you recommend for measuring risk en masse?
Posted by rcocke2
New Orleans
Member since Apr 2009
1690 posts
Posted on 8/27/14 at 1:01 pm to
quote:

What does "modeling methods of Engineering sciences" mean? What modeling methods do you recommend for measuring risk en masse?


Engineering relies on data but the systems are constrained, with a limited number of degrees of freedom. We can replicate engineering models for certain things. No replication in econometric modeling.
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