Professor Emanuel Derman: Models Behaving Badly 

thanks for the presentation

Great presentation!!

I do love exploring these IoP talks as well as I'm grateful that these are freely made accessible. Yet, it is discouraging to have to listen to an exceptional gentleman discussing fables in between his thoughts and ideas about how the world really works. Nevertheless, thank you to IoP for making these talks available.

i would say it begins at 33:33

Way over my head!

33:25 - I like Emanuel Derman's description of Big data as being useful but that it cannot be used to replace intuition. Data and Statistics says nothing about causality. We need a pure understanding of our world which only theory can provide.

Hope-buy swaps. With a tinge if doubt, unemployment numbers are rising.

Science philosophy theory of emotions all jammed up together to fuck up with the world. Nothibg but nuisance on the internet