NancyLebovitz comments on Buy Insurance -- Bet Against Yourself - Less Wrong

29 Post author: MBlume 26 November 2010 04:48AM

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Comment author: NancyLebovitz 26 November 2010 02:59:29PM *  4 points [-]

Yeah.

I strongly recommend The Quants. It's very interesting about how the guys who invented the systems (notably Edward Thorp) understood the theory underlying the math better, and had clear ideas about how much it was safe to bet. The later mathematicians and (iirc) physicists just looked for the big win.