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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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There are no countries in the world less known by the British than these selfsame British Islands, or where more strange things are every day occurring.
George Borrow
Didier Sornette
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Born:
June 25, 1957
(age 68)
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