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Determinism is Wrong and It Matters in Quant Finance

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Dimitri Bianco

As I have been working on a side project related to quantum mechanics, the concept of determinism has been coming up. To my surprise it seems a large portion of the physics community actually believes in it. This leads to the answer a subscriber asked whether physicists are better at quant finance than other fields of study. The truth is physics teaches you many useful skills for quantitative finance such as math, stats, and programming however finance is brutal and unforgiving. Many physicists have thought there is some sort of formula to solve quantitative finance such as unified theory. There is not and these individuals along with their firms go bankrupt.

Humans are not predictable and free will matters.


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posted by BoydayKedsj