Science Forums 2

[Turtle]

Originally Posted by freeztar

Fair enough, please excuse my use of the word "purely".

At your command.

Originally Posted by Freemeister

I made no assertion of their sufficiency. I was merely pointing out that they are constantly improving. I can't claim to understand the mathematics involved in these models, but I do understand math to a certain degree, so it would be great if you could point out the shortcomings of the models in accordance with complex systems.

I have studied enough of chaos theory, or whatever they call it this week, to know the specific shortcomings are predicated in the general shortcomings and the general shortcomings are, well...really short. To whit:

Originally Posted by Freezuixitor

How do you know that's not happening?

Because the market is still there. Were any supremely accurate model available, it would destroy speculation and so the market. I do know that the fellas who started the chaos theory proper at Stanford, oh no more than a score of years ago, are now working to crack the stock market; I can't find the link in my bookmarks but I have linked it here at Hypog before. I'll have a google later & find it.

Originally Posted by Freezorator

With Science, it is usually baby steps. We will probably never be able to perfectly model Chaos. Should we stop trying?
Or better yet, will our curiosity allow us to stop?

I never suggested such a thing, and you very well know my enthusiasm and ability to conduct research.

Originally Posted by Freezman

Moving from "very bad" to "moderately bad" *is* an improvement (objectively speaking).

So it is.

PS Here's the promised link: Cracking Wall Street