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Indeed, the frequency of crashes in the Monte Carlo simulations was much smaller than the frequency of crashes in the real data: if one of the most frequently used benchmarks of the industry is incapable of reproducing the observed frequency of crashes, this indeed means that there is something to explain that may require new concepts and methods.
Didier Sornette
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The adoption by Jefferson and the Republicans of the political structure of their opponents is of an importance hardly inferior to that of the adoption of the Constitution by the states.
Herbert Croly
Didier Sornette
Creative Commons
Born:
June 25, 1957
(age 68)
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