One of my favorite thing about economics is how general it is, things like this fact that options and insurance have a similar structure underneath. Physics has the same thing - for example, a mass and a spring can have the same equation as an electric circuit - but for some reason I never found that as interesting.
I find the stories that they tell to be much more digestible than the math. They said that the math is trending toward incomprehensibility. Outside of the world of finance, I wonder of decision support analysts will be treating these tools like black boxes and and testing them against Monte Carlo models of their own operational problems to see whether they confer an advantage. I mean, I'm sure that these approaches are great for the problems for which they are designed, but the speakers did say that many other problems can be mapped to calls/puts
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
One of my favorite thing about economics is how general it is, things like this fact that options and insurance have a similar structure underneath. Physics has the same thing - for example, a mass and a spring can have the same equation as an electric circuit - but for some reason I never found that as interesting.
I love people being excited by these topics. :)
Keep em coming! Love the show!
I find the stories that they tell to be much more digestible than the math. They said that the math is trending toward incomprehensibility. Outside of the world of finance, I wonder of decision support analysts will be treating these tools like black boxes and and testing them against Monte Carlo models of their own operational problems to see whether they confer an advantage. I mean, I'm sure that these approaches are great for the problems for which they are designed, but the speakers did say that many other problems can be mapped to calls/puts
Mehn❤