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View Diary: Overnight News Digest: Science Saturday (2012 one of ten warmest years) (18 comments)

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  •  Black-Scholes is defective, and the more (2+ / 0-)
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    Neon Vincent, JML9999

    extreme successor equations are more so. But, all that matters to the gamblers is that there be an agreed upon value for some state of the target "event", so it doesn't matter if that value is bogus.

    That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

    by enhydra lutris on Sun Jan 20, 2013 at 07:37:31 AM PST

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