TakeAStepBack
Gold Member
- Mar 29, 2011
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Go shit in the woods through the winter and re-evaluate how we determine a standard in this regard.
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Go shit in the woods through the winter and re-evaluate how we determine a standard in this regard.
What is economics? I'm not so sure you know here.
And no one said it IS irrational. I said it can be. You ride hard lines, dude.
It's not something that can be put in a physics rule focus. Enjoy though...
It is natural in economics. Economics is the social, or soft science of human action. Praxeology. it is not a defined hard science such as physics. Which essentially makes your entire concept moot. These two things do not correlate.
Let's talk reality....physics is the science of reality. if economics wants to exist IN REALITY, it must correlate with physics..Physics and economics do not correlate...
physics is the science of reality. if economics wants to exist IN REALITY, it must correlate with physics.
i am actually fairly well read on economic philosophy.
i am not coming here truly for the purpose of learning how these systems work, but for the purpose of illustrating how they do not work.
maybe i will state my premise clearly now;
it is impossible to objectively quantify the value of anything. objectivity is a fallacy.
EDIT;
THUS standardized currency is impossible.
my questions are intended to be illustrative of this fundamental problem.
that is my aim in asking them.
now if you would like to argue that economics is rational, you must explain how it works in physics.
Let's talk reality....physics is the science of reality. if economics wants to exist IN REALITY, it must correlate with physics..Physics and economics do not correlate...
The formulas for calculating stock option values happen to also show up in thermodynamics problems, so what happens is that physics majors are being snapped up by finanical firms. A family member of mine (son-in-law) with a Physics PhD worked in the SF bay area managing a derivatives team.
As for the money/physics cross-over, check out the formulas for calculating cash flow & money velocity.
Well, that explains a lot of why the world economy is in the toilet.
Seems many people here don't understand how working with money in say, a bank or something, means you have to wash your face and hands, put on clean clothes, and read lots of big thick books with small print and no pictures.A sharp, analytical mind, coupled with higher math skills could be very valuable to an investment firm. I can see recruiting from Physics, Chemistry, or Math majors.Well, that explains a lot of why the world economy is in the toilet.
Absolutely. Good math skills in the current environment of centrally planned economics can really work out well in stocks and investment. And it is where ALL the money is these days too.
Seems many people here don't understand how working with money in say, a bank or something, means you have to wash your face and hands, put on clean clothes, and read lots of big thick books with small print and no pictures.
Well, yeah. Just think of how well the VaR formula worked out.
Absolutely. Good math skills in the current environment of centrally planned economics can really work out well in stocks and investment. And it is where ALL the money is these days too.
Yep.
Cleverly sucking all the wealth out of the population takes a lot of skill.
Well, yeah. Just think of how well the VaR formula worked out.
I'm not sure I follow. If Value at Risk has been discredited, I'm not aware of it.