1/ Misusing math & the illusion of knowledge happens so frequently in our life that I want to research more/write about it in the future. Math & equations appeal to people because you know "math can't be wrong". But they can be, seriously so.https://twitter.com/hugohanoi/status/1028338759475986433 …
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2/ Some examples off the top of my head: - MV=PQ - CAPM/Black-Scholes (Long Term Capital Management a prime example) - Recent Budish equations in modeling 51% attacks - Cardano's "provably secure"
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3/ Don't be fooled by white papers with lots of math. Don't be intimidated by them either. The more complex they are in trying to model reality, the higher the chance of them being wrong.
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4/ Math, to be useful, has to be grounded in reality. And equations often make a lot of implicit assumptions. Mathematical modeling could be useful, but always always question the assumptions.
12:14 PM - 12 Aug 2018
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