Tag Archives: probability

Misunderstanding the Mistake in Black-Scholes and Fama’s Rational Markets


Abstract: Probability has been getting a bad rap in finance and economics due to modeling mistakes that have led to many of the biggest financial catastrophes of the past 50 years. This has bled over into popular misconceptions that the … Continue reading

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Force = Probability Wave Diffraction = Tunneling Competiton


Technically, I don’t think I’m saying anything new here. However, there are probably people teaching physics who will view what I’m saying here as heretical. I don’t think it is – it’s just a re-framing of statements made by other … Continue reading

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To Ban or Not To Ban


The NY Times carried an op-ed titled “Crazy Pills” about a prescription anti-malaria drug that is widely used and appears to be uneventfully beneficial for most people, but has radically psychotic effects on a small fraction of patients. The piece … Continue reading

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