Re: mathematician salaries



Jesse F. Hughes: about the job posting. Though
the abstract mentions math and hard science, we find this entry:
PhD fields sought: Finance

What is Jesse's point? Mark is in the finance industry. Jesse
obviously does not know what finance is about. Jesse obviously
believes finance is just about pricing options using esoteric
mathematics. Jesse, dude, finance is a vast field, and options pricing
is just 7% of it. Most of finance is about companies and how they
obtain financing in its various forms. That's why it's called
"finance." Get it? Why doesn't Jesse learn about the other 93% of a
field before criticizing? Warren Buffett doesn't price options. Is
Jesse going to tell Mr. Buffett he is not in finance? Saying that
stochastic mathematics defines "finance" is equivalent to saying that
"knot theory" defines math. Knot theory is just a tiny subfield of
math.

.



Relevant Pages

  • Re: OT: For those who have been laid off
    ... Every single one of the actuarial people I have ever met has made no bones about stating their proudly held opinion of "actuarial math" as being the most difficult and complex of all math. ... Few really understood derivatives pricing, ... Once, after spending many minutes on the derivation of an equation, and then referring to the result a professor said something like "So, they (experts in the world of money and finance) used to get their numbers mainly by using their many years of experience. ... "This book emphasizes what standard texts and research in economics and finance ignore: that there is as yet no evidence from the analysis of real, unmassaged market data to support the notion of Adam Smith's stabilizing Invisible Hand. ...
    (rec.music.classical.guitar)
  • Re: Michael Thames school for dummies
    ... Eugene Fama, Foundations of Finance. ... youe eyes- you like math, ...     Here, try this: ...
    (rec.music.classical.guitar)