03-21-2021, 02:11 AM
Baggers, all good then. Nothing wrong with being curious. I tend to go with the “truth is stranger than fiction” approach. Trying to analyse individual parts of a problem and then synthesising the likely results in order to reach the conclusion an event is impossible is problematic.
One example is the problem of “fat tails” in financial maths. How do you account for extremely unlikely events which nevertheless happen from time to time such as the mortgage crisis? A lot of work is put into analysing convergence and divergence of improper integrals describing financial markets. Financial analysts whinge about fat tails after such crises rather than resorting to claims of nefarious shadowy plots.
One example is the problem of “fat tails” in financial maths. How do you account for extremely unlikely events which nevertheless happen from time to time such as the mortgage crisis? A lot of work is put into analysing convergence and divergence of improper integrals describing financial markets. Financial analysts whinge about fat tails after such crises rather than resorting to claims of nefarious shadowy plots.