My favorite ex-quant, N. N. Taleb, outlines the 4th Quadrant.
Thoroughly enjoyable, but I'm a fan.
This table made sense to me:
In information risk management, what sort of events are fat tailed with complex payoff? Or which are not?
I've suspected that there is a parallel between software and markets, as both proxy human behavior, yet are percieved as acting autonomously.
Wednesday, September 17, 2008
4th Quadrant
Posted by Dutcher Stiles at 7:49 PM 1 comments
Labels: risk management
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