think about it, if a lot of leveraged money betting

on 3-sigma events, what will happen?
In any case, things can still be gaussian, but with variable means and variations.
It's the simplest view that a single distriubtion curve can explain the complexity in its entirety causes the downfall.
Taleb should concentrate on making money, instead of writing on pseudo science.

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回複:leverage still in bell curve -heiger- 給 heiger 發送悄悄話 (125 bytes) () 10/23/2007 postreply 07:56:09

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