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NancyLebovitz comments on The Fallacy of Large Numbers - Less Wrong Discussion

20 Post author: dspeyer 12 August 2012 06:39PM

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Comment author: NancyLebovitz 13 August 2012 09:46:53AM 0 points [-]

I don't have the book handy, but as I recall, The Quants (about people who used advanced math to make investments) mentioned that Thorpe (the inventor of card counting) had math to describe how much of one's wealth to risk-- this was ignored by the younger generation of quants.