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Stewart, Taleb, Mandlebrot…

May 17, 2010

N. N. Taleb and many other mathematicians (e.g. Mandelbrot) have been trying to explain how market variations are not adequately characterized by symmetric, thin-tailed Gaussian distributions, that a World seen through these models will have many (unexpected!) “black swans” or “perfect storms.”

John Stewart illustrates the same point by lining up quotes from the talking heads in the segment A Nightmare on Wall Street. (Sorry for the link out, embedding Comedy Central Flash video in WordPress stumped me.)

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