gqin > Recent Status Updates

Am interested by the introduction. The author is a straightforward person and his analogy of economic models to fables is intriguing.

Helped me understand the implications of probability distributions from normal, to lognormal, to power law. Particularly, power law is new to me. I am astonished by the fact that a black swan event could occur if it follows power law, and how Matthew Effect can occur under the power law.

Just finished the Too Soon part. The book is enlightening and mind-expanding. It exemplifies several scenarios where the market unravels, fell to a thin market due to the existence of Sooners, from land stakers, football bowls, law schools to gastroenterologists.