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Indeed, the frequency of crashes in the Monte Carlo simulations was much smaller than the frequency of crashes in the real data: if one of the most frequently used benchmarks of the industry is incapable of reproducing the observed frequency of crashes, this indeed means that there is something to explain that may require new concepts and methods. - Didier Sornette


In order to have a continuing influence, the Read more
By one estimate, 90% of international Read more
Finally, empirical data suggests that assets are Read more
The same basic ingredients are found repeatably: Read more
Faster-than-exponential growth also occurs in Read more
The acceleration of the number of traders buying Read more
The problem is not that this optimistic view is Read more
The price of a stock is strongly influenced by Read more
The incentives that people need to work and to Read more
One trader's move in the market can be Read more
Being the source of goodness, God, even after our Read more
The assumption of perfectly rational, maximizing Read more
Oh I am what I am I'll do what I want But I Read more
Perhaps the most profound synthesis of physical Read more
If you were a king up there on your throne would Read more
Indeed, the financial world is such that any Read more
My tea's gone cold, I'm wondering why I got out Read more
Knowledge is encoded in models. Models are Read more
If you gave me just a coin for every time we say Read more
Profiting from being in the minority leads to Read more
Why don't I watch the ocean? My lover's gone Read more
It is difficult to assess how much this gambling Read more