Friday, February 12, 2010

Determined to be Wrong

Are Mathematical Models the Cause for Financial Crisis in the Global Economy? It's funny how a deterministic model creates a deterministic outcome.  Randomness is not always random.  It can be constrained, and thus determined to be wrong.  In the short term, the scam works fine and makes everyone involved rich.  In the long run, it makes everyone else a little poorer.  The whole covers sucker bets.  Yet, individuals are manipulated and cast aside by powerful business entities that no longer have any interest.  Leaving ruins, these machines then move on to greener pastures.  Yet economic devastation does bring a certain freedom.  Some liberties can kill.

1 comment:

Anonymous said...

nice post. thanks.