Well Les, I guess if you weren't teaching physics, you too could be doing this kind of stuff for Wall Street. My hunch is that this probably mathematical overkill, which is bringing to bear, mathematical tools far in excess what is required by the problems at hand. But if it keeps physicists employed and all the talk about Feynman path integrals and QFT seems to impress the Wall Street types who have no idea what these things are anyway, then who cares.
Jim F.
-- Les Schaffer <schaffer at optonline.net> wrote:
John Palmer wrote:
> Perhaps the most interesting aspect of the Lagrangian formulation of
> mechanics is a connection with quantum mechanics discovered by R.
> Feynman.
John:
any thoughts on the use of QFT to price options:
http://portal.acm.org/citation.cfm?id=606927.606964&coll=GUIDE&dl=GUIDE
http://www.citeulike.org/user/pdlug/article/1053265
etc etc.
Les ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
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