starting about 14:30, Nassim Nicholas Taleb, of NYU (which houses the CV
Starr center of economics and the Courant Institute of Mathematics), calls
for scrapping nobel prizes in economics.
About a 4 min segment.
See a very inneresting Wiki page on Taleb:
and his site: http://www.FoundCollection.com/;Hilarious.
The wiki page will be more inneresting than his site, for most.
However, a notable quote:
"My major hobby is teasing people who take themselves & the quality of their
knowledge too seriously & those who don't have the courage to sometimes say:
I don't know...." (You may not be able to change the world but can at least
get some entertainment & make a living out of the epistemic arrogance of the
fuknGunner should make this his mantra.
Taleb has actually gone to Sweden to talk to the Big Nobel***s about
eliminating the prize in economics. fuknHilarious, yo....
I agree 100%.
Recall my posts on Myron Scholes (Black-Scholes options pricing formula,
Nobelier), and his Nobelier buddy Bobby Merton, whose hedge funds wennt
effing bust. goodeffinggawd.
Here's the PV take on economics.
Economics is essentially game theory, and as such, can be accurately
described mathematically. No pro'leng, so far....
But here IS the pro'leng:
What they don't want the mathematics to make explicit is the utter
corruption and one-sidedeness involved in the decision-making processes in
economics, in manipulated information, and the 69 position of Big Bidniss
and Big Gummint, at our expense. <MMMMMmmmmmmm> <yummmmmmm>
What economists are *pretending* to describe is The Great Free Market and
Fair Market Grandiosity/Fantasy, with bullshit mathematics.
So of course it fails. It's a fukn fiction, just like our .5% inflation.
What we need is the Mathematics of the (economic) Proctological Violation,
which is essentially the Mathematics of Corruption.
Which is really a straightforward algebra of how far the bigger mutha***a
can shove his*** into the smaller mutha***a, without killing too many
small mutha***as, or going to jail.
But the artistry of the economic PV is to have the smaller mutha***a think
that the bigger mutha***a is actually watching out for his financial
well-being, and is just giving him an***/colonoscopy.
Now yer gettin into Rev Sun Yung Moon/Jim Jones/Hare Krishna or QVC/HSN
So economics is not really a mathematical science. It's a mind***,
*disguised* by bullshit mathematics.
Allow me to shorten the World Focus ditty:
Economists, including Geithner (as he bleats about effing """confidence""")
and all those bullshit economic Nobeliers, can SMD.
Mae West (yer fav CongressShill) to the Gangster (yer fav Lobbyist):
Hey, Big Boy, is that a wad (of cash) in yer pocket, or are you just
glad to see me??
Experiment on Homo Sapiens -- CEOs, Lawyers, and Politicians, in
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