Recent content by heck

As it becomes quite obvious by now, quants really didn't add much productivity to the society. Unlike doctors, engineers, teachers, etc, increasing market efficiency by arbitraging prices could only raise the well being of the society by that tiny little bit. Therefore, it is questionable...

I don't see why those bank's CEOs and senior executives can have such lucrative remuneration packages after all they have done to the society. Don't they have to be responsible for what they have done? If they have wrecked the financial system, they have to pay to fix it, not the taxpayer. They...