Stuart_Armstrong comments on When the uncertainty about the model is higher than the uncertainty in the model - Less Wrong

19 Post author: Stuart_Armstrong 28 November 2014 06:12PM

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Comment author: Stuart_Armstrong 04 December 2014 12:45:38PM 0 points [-]

First of all, Black-Scholes is not a model of price variations of stocks.

Yes, I should be more careful when using terms. As you said, I used B-S as informal term for the log-normal variation assumptions.