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That is what I understand too. I got an update as to the NOVA program and
it follows:
In 1997, the Nobel Prize in Economics went to a pair of economists who
devised a mathematical formula they thought could make them millions of
dollars on the stock market. And it did -- so much so that they formed a
unique trading company and began speculating on a scale never before seen.
The company bet billions on the assumption that the formula was foolproof.
But it wasn't. In 1998, the company crashed so spectacularly that it
threatened the entire global economic system. In this Web site, we take a
closer look at the so-called Black-Scholes formula. We also investigate the
impact of online trading, offer a trader's lexicon, and give you a chance to
play a virtual stock market.
The program probably doesn't cover the real rocket science as I was
originally led to believe.
Marlowe
----- Original Message -----
From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
To: Marlowe Cassetti <marlowec@xxxxxxx>; Real Traders Host
<newdomo@xxxxxxxxxxxx>
Cc: Omega List <omega-list@xxxxxxxxxx>
Sent: Wednesday, February 02, 2000 10:39 AM
Subject: RE: Rocket Science
> Yeah, but from everyone I talk to, neural nets have driven traders "neural
> nuts" with heavy losses....lousy executions......applying millions of
rules
> which are not significant.
>
> > -----Original Message-----
> > From: Marlowe Cassetti [mailto:marlowec@xxxxxxx]
> > Sent: Wednesday, February 02, 2000 12:03 AM
> > To: Real Traders Host
> > Cc: Omega List
> > Subject: Rocket Science
> >
> >
> > This is a heads up for "Rocket Science" addicts. Next Tuesday, Feb 8,
the
> > PBS program Nova is broadcasting a program "Trillion Dollar Bet, What if
> > Math can beat the market?" I believe the program will touch on chaos
> > theory, neural networks, fuzzy logic, etc. as applied to the markets.
All
> > you simple moving average simpletons (pun intended) better run for
cover.
> >
> > Consult http://www.pbs.org/ for more details.
> >
> >
>
>
>
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