Comment on Why Economic Models are Always WrongparentComments−danmaz7414yOk, but you would need to take into account the interaction with other traders' models that are put into play all the time...−andylei14yyup, building good models is hard. doesn't mean they always produce bad results. billions of dollars of quant hedge fund money prove that.−danmaz7414y"essentially, all models are wrong, but some are useful" George EP Box - one of the greatest truths imho :)
Comments
Ok, but you would need to take into account the interaction with other traders' models that are put into play all the time...
yup, building good models is hard. doesn't mean they always produce bad results. billions of dollars of quant hedge fund money prove that.
"essentially, all models are wrong, but some are useful" George EP Box - one of the greatest truths imho :)