There are technically three separate but closely related concepts at work here: business day conventions (like modified following), holiday calendar (like NY banks), and daycount convention (like 30/360). Each has real life subtleties, so the combinatorics can easily get out of hand. In fairness, i...
Are those black swans tail event or something out of distribution? Not that I follow the frequentist picture. My feeling was that now is the opposite of 2008. Nevermind... Probably neither. It is deterministic, like hyperbolic PDE. Starts smooth and at some time develops shocks. 2008 .. all about c...
I didn't know that. I only know that money doesn't grow on trees. I would expect an opportunity for Mr. Taleb to give interesting insights, The CEO of market leader in stress testing was interviewed on CNN. She said the tests did not include ALL scenarios. e.g. Inflation, interest rates. Back in 20...
My reading of most of these studies is that rather than inquiring about actual happiness (which is probably really hard to pin down), they add up a lot of vaguely related statistics and then tell people: “look at your great numbers - you should be happy, damnit!” Indeed. Over here we want to be #1 ...
2023 World Happiness Report [ edit ] The 2023 World Happiness Report was a triannual analysis of 2020-2022, heavily influenced by COVID19 and other significant challenges. [24] For the 6th consecutive year, Finland was ranked on top, followed by Denmark, Iceland, Israel and the Netherlands. In the ...