Over the last two days, I have done my best to lose as many readers as possible by talking about the Second Law of Thermodynamics, its implications for finance, and the ergodicity problem. For the few readers whose eyes haven’t glazed over yet, I want to talk about an intriguing experiment today and what that means for financial markets.
Should we abandon fair value calculations? Part 3
Should we abandon fair value calculations…
Should we abandon fair value calculations? Part 3
Over the last two days, I have done my best to lose as many readers as possible by talking about the Second Law of Thermodynamics, its implications for finance, and the ergodicity problem. For the few readers whose eyes haven’t glazed over yet, I want to talk about an intriguing experiment today and what that means for financial markets.