I love professor rau passionate style and the equally passionate regular plugging of his books 😂 nevermind his impressive resume, that's the real badge of credibility as a finance professor
Come on. Many, many things do not follow normal distributions. Anything that's the sum of a lot of independent variables does follow a normal distribution, no matter what the distributions are for the individual variables, as long as each one is a negligible part of the sum.
Engaging presenter, however the data/analysis being presented has many issues. Basically people should probably read Benoit Mandelbrot's work on his theory of roughness. Or at least his book "The (Mis)Behavior of Markets" which can make some of the idea more accessible to non math people. Basically the presentation here is based on more of a deterministic markets opposed to ones based on fractal or chaos theory due to the complexity of interoperable variables.
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I love professor rau passionate style and the equally passionate regular plugging of his books 😂 nevermind his impressive resume, that's the real badge of credibility as a finance professor
Great speaker
Does he actually believe capm? I do so hope not.
Come on. Many, many things do not follow normal distributions. Anything that's the sum of a lot of independent variables does follow a normal distribution, no matter what the distributions are for the individual variables, as long as each one is a negligible part of the sum.
Engaging presenter, however the data/analysis being presented has many issues. Basically people should probably read Benoit Mandelbrot's work on his theory of roughness. Or at least his book "The (Mis)Behavior of Markets" which can make some of the idea more accessible to non math people. Basically the presentation here is based on more of a deterministic markets opposed to ones based on fractal or chaos theory due to the complexity of interoperable variables.
Oh No!! NOT another book plug! When will Gresham put an end to this purely financial rip-off of a lecture and return to the academic lectures?