Oh sweet summer physicist, what do you know of reality? Reality is for the markets, lovely mathey person, when a one in a million chance comes every month, and investment portfolios lie scattered over the floor like the corpses on a battlefield. Reality is for when your mortgage and the kid's school fees are riding on it, and quantitative strategies are borne and die with the fads of last summers interns pet projects.
In some domains 7 sigma events come and go - statistics is not something to be used to determine possibility in the absence of theory. If you go shopping you will buy a dress, just because it's a pretty one doesn't mean that it was made for you.
In some domains 7 sigma events come and go - statistics is not something to be used to determine possibility in the absence of theory. If you go shopping you will buy a dress, just because it's a pretty one doesn't mean that it was made for you.