Relevant and even prescient commentary on news, politics and the economy.

Finance and belief in how markets work

Via Naked Capitalism comes this post from Cathy O’Niel, Black Scholes and the normal distribution. form her blog mathbabe. (re-posted with permission from the author). There have been lots of comments and confusion, especially in this post, over what people in finance do or do not assume about how the markets work. I wanted to dispel […]