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quanttrader714 wrote:
> Actually I think this is important to trading because confusing
> perceptions and reality isn't profitable. First of all, I was talking
> about *distributions* existing outside of peoples' minds and for any
> quantifiable aspect of past market behavior they certainly do, whether
> we get them right or not. Objective things exist outside the mind but
> people have subjective perceptions, beliefs, feelings, estimates,
> approximations, etc., about them. For truly subjective things, the
> perception *is* the reality. There's a big difference. We'll never
> have perfect knowledge but declaring objective things to be subjective
> that are not is only taking the easy way out. I'm not directing that
> entirely at you, it's an old problem.
Mark, sorry but you really don't know what you are talking about ...
This link may be useful
http://www.princeton.edu/~bayesway/ProbThink/
I give up
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