Quant Math and Wall St.

[ragnarisapirate]

From the guy that brought you card counting, comes this NPR story:

 

http://www.npr.org/templates/story/story.php?storyId=123209339&ft=1&f=13

 

Note: my posting this is not an endorsement in any direction. :)

[Rabbitisrich]

The writer should have been someone with a more solid foundation in statistics. Nothing advanced, but he should at least know about the central limit theorem. I seriously doubt that a dealer would look at you with "an odd mixture of anger and awe" because you ended a single day with winnings.

[twacowfca]

The writer should have been someone with a more solid foundation in statistics. Nothing advanced, but he should at least know about the central limit theorem. I seriously doubt that a dealer would look at you with "an odd mixture of anger and awe" because you ended a single day with winnings.

 

 

That was a quote directly from Thorp, based on his impression of the dealer's thoughts after his first score.  

How do I know?  Don't ask. :)

[Rabbitisrich]

The writer should have been someone with a more solid foundation in statistics. Nothing advanced, but he should at least know about the central limit theorem. I seriously doubt that a dealer would look at you with "an odd mixture of anger and awe" because you ended a single day with winnings.

 

 

That was a quote directly from Thorp, based on his impression of the dealer's thoughts after his first score.  

How do I know?  Don't ask. :)

 

Now I must read the book.