SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by N
May 4th, 2007, 1:18 am
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>QuoteOriginally posted by: jawabeanonce mathematicians flocked into physics, we got super-strings theory... it's better to keep them away from any field The funny thing is that string theory is the only thing going for physicists. Read Penrose - QM is a real bust; either the math is wrong or the ...
by N
May 4th, 2007, 1:11 am
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>QuoteOriginally posted by: crowlogicI am curious. What is wrong with the axiom of choice? Do you not choose when deciding what action to take from the output of your models? What are the implications of choices made? How can you study such things without the AOC?Assuming AOC is the worst type of ...
by N
May 4th, 2007, 1:05 am
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>QuoteOriginally posted by: MCarreiraQuoteOriginally posted by: NFake mathematics such as 'stochastic calculus' is not only taught but is required for degrees like the MSFE. The students get hit from several angles - first the math is useless in quantitative finance (someone please argue with me o...
by N
May 3rd, 2007, 11:09 pm
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>QuoteOriginally posted by: TraderJoeStochastic calculus has made alot of people on Wall Street rich, don't you know N.TJ,What bothers me it that students pay big bucks for an education at top rated universities. And one would think that top rated universities select their teachers and courses bas...
by N
May 3rd, 2007, 7:09 pm
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>QuoteOriginally posted by: MCarreiraQuote Originally posted by:NAs I recall the movement of dust in air actually a Toda problem that was made famous by Fermi in the mid-50s. You may be speaking about how the Toda lattice is a completely integrable Hamiltonian system, and is closely related to the...
by N
May 3rd, 2007, 5:02 pm
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>QuoteOriginally posted by: FermionQuoteOriginally posted by: NAs I recall the movement of dust in air actually a Toda problem that was made famous by Fermi in the mid-50s. Why famous? It showed that statistical mechanics is 100% deterministic (and therefore does not involve probability).I don't r...
by N
May 3rd, 2007, 3:33 pm
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>sometimes, it hurts to know too much physics too.I did study n-body problems many years ago. As I recall the movement of dust in air actually a Toda problem that was made famous by Fermi in the mid-50s. Why famous? It showed that statistical mechanics is 100% deterministic (and therefore does not...
by N
May 3rd, 2007, 2:32 pm
Forum: Technical Forum
Topic: Brownian motion, does this phrase make sense?
Replies: 126
Views: 78901

Brownian motion, does this phrase make sense?

<t>All known motion is described by Hamilton's equations, and the time evolution is called a Hamiltonian flow.Brownian (aka Weiner) is defined as a random walk and its process is a stochastic flow.Hamiltonian flows and stochastic flows are mutually exclusive (very well known). So why would anyone ca...
by N
April 30th, 2007, 10:27 pm
Forum: Careers Forum
Topic: How to find an internship ? Is it too late ?(IVY phd)
Replies: 48
Views: 75367

How to find an internship ? Is it too late ?(IVY phd)

<t>QuoteOriginally posted by: DCFCI'm afraid that you simply don't know what your talking about. Firms (like hedge funds) that hire PhDs in heavily quantitative subjects aren't hiring quants. It's very simple, quants do not and cannot design algorithmic trading algorithms.Sorry N, this is wrong, eit...
by N
April 30th, 2007, 1:33 pm
Forum: Careers Forum
Topic: How to find an internship ? Is it too late ?(IVY phd)
Replies: 48
Views: 75367

How to find an internship ? Is it too late ?(IVY phd)

<t>QuoteOriginally posted by: twofishQuoteOriginally posted by: NFor quant roles - that's the way it is. But for non-quant roles like bit-flinging, firms don't care about a MSFE degree.Again this is just not true. If you have a semi-decent headhunter and a Ph.D. in some heavily quantitative subject,...
by N
April 30th, 2007, 10:26 am
Forum: Careers Forum
Topic: How to find an internship ? Is it too late ?(IVY phd)
Replies: 48
Views: 75367

How to find an internship ? Is it too late ?(IVY phd)

<t>QuoteOriginally posted by: twofishQuoteOriginally posted by: NOnce you get your PhD, you'll need to get your MS in financial engineering before anyone seriously looks at you - like it or not, that's the way it is.No it's not.For quant roles - that's the way it is. But for non-quant roles like bit...
by N
April 29th, 2007, 11:35 am
Forum: Programming and Software Forum
Topic: Matlab for C++ Programmers
Replies: 158
Views: 101912

Matlab for C++ Programmers

<t>QuoteOriginally posted by: DCFCCan large Matlab programs really be made truly robust ?Apps written in Matlab or using Matlab routines can be quite robust. However, C++ and C# are significantly better languages with which to write applications so why would anyone ever choose Matlab? It certainly i...
by N
April 29th, 2007, 11:20 am
Forum: Careers Forum
Topic: How to find an internship ? Is it too late ?(IVY phd)
Replies: 48
Views: 75367

How to find an internship ? Is it too late ?(IVY phd)

<t>The grads from MIT/Princeton in engineering (atleast in EECS) whom i know or heard of have all gone onto postdocs/faculy positions. Im not sure if algorithmic hedge funds find quants from MIT/ Princeton.. That's an interesting comment.Why would anyone do a postdoc? The pay is just too high in ind...
by N
April 29th, 2007, 9:03 am
Forum: Careers Forum
Topic: How to find an internship ? Is it too late ?(IVY phd)
Replies: 48
Views: 75367

How to find an internship ? Is it too late ?(IVY phd)

<t>QuoteOriginally posted by: HyperGeometricQuotenoexpert,I hate to bust your bubble, but a PhD in engineering from an Ivy ain't worth shit in finance. If you were getting a PhD from MIT, that might be a different story.Once you get your PhD, you'll need to get your MS in financial engineering befor...
by N
April 28th, 2007, 8:40 pm
Forum: Careers Forum
Topic: How to find an internship ? Is it too late ?(IVY phd)
Replies: 48
Views: 75367

How to find an internship ? Is it too late ?(IVY phd)

<t>QuoteOriginally posted by: noexpertMeteor, I completely agree with your comments. However, I was wondering people here might know something about hedge funds. I was hoping for their advice/comment. Well I can always give up but its just that I want to try a bit before I give up. I am still waitin...
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