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The old financial orthodoxy was founded on two critical assumptions in Bachelier’s key model: Price changes are statistically independent, and they are normally distributed. The facts, as I vehemently argued in the 1960s and many economists
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Piotr’s 2024 Year in Books
Take a look at Piotr’s Year in Books, including some fun facts about their reading.
392 books
|
179 friends
32 books
|
58 friends
9 books
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42 friends
0 books
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12 friends
96 books
|
25 friends
0 books
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45 friends
52 books
|
4 friends
214 books
|
49 friends
More friends…
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