[lbo-talk] Life

[Max Sawicky]

I don't read it that way.  The primary use for it in his
mind is to reduce risk -- to reduce the chance of an
investor suffering a really bad outcome.  As far as
prediction goes, his claim is that future research
may turn up something.

On Thu, Dec 2, 2010 at 10:47 AM, michael perelman <
michael.perelman3 at gmail.com> wrote:


> Yes, but he also pretends that his method can be used for predictions,
> which I thought went against everything else he said.
>
> On Thu, Dec 2, 2010 at 6:15 AM, Max Sawicky <sawicky at verizon.net> wrote:
> > Not too much on economics, more on finance.
> >
> > The implications of his work go against the grain
> > of the usual micro theory, I would say because
> > 'wild randomness' does not comport easily with
> > rational choice, foresight, and optimization.
> >
> >
> >
> > On Thu, Dec 2, 2010 at 9:04 AM, Les Schaffer <schaffer at optonline.net>
> wrote:
> >
> >>
> >> Max Sawicky wrote:
> >> > After laboring through Mandelbrot's "The (Mis)behavior of Markets,"
> about
> >> > two-thirds of which I understood
> >>
> >> did he have anything interesting to say about markets and economics
> >> beyond fractal this, fractal that?
> >>
> >> Les
> >>
> >>
> >> ___________________________________
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> >>
> > ___________________________________
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> >
>
>
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
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