Lumifer comments on Open thread, Jan. 18 - Jan. 24, 2016 - Less Wrong

4 Post author: MrMind 18 January 2016 09:42AM

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Comment author: Lumifer 22 January 2016 03:25:52AM 1 point [-]

Are the hypothesises financial engineers make unscientific?

Depends on your definition of "scientific".

Markets change. What used to be true ten years ago might not be true now.

Comment author: ChristianKl 22 January 2016 10:54:10AM 0 points [-]

Depends on your definition of "scientific".

In this case it seems to mean "What Wikipedia considers scientific enough to back up a claim".

Comment author: Clarity 22 January 2016 05:24:40AM 0 points [-]

Nature changes too. In both cases I believe there are identified causal determinants of both market and natural behaviour and in both cases these can change over time. Still, the scientific process can be meta-inducted in the case of markets to identify whether, for instance, financial news or academic papers give useful tips and in what circumstances.

In fact, now I'm really curious to know about literature on that very topic.