Thread: IQ Scores.
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Old July 25 2013, 11:51 AM   #90
jayceee
Commander
 
Re: IQ Scores.

Mr Awe wrote: View Post
^ I'm sure you meant that as a joke, but just to clarify, the field of economics bears very little resemblance to the "economic forecasting" that you see the pundits on TV do!
I always thought the finance/economics pundits on television weren't much different than political pundits.

In terms of more "serious" economics, at times I wonder why the random walk hypothesis is taken as a premise in various mathematical finance models. (Such as the Black-Scholes equation for financial derivatives). That is, besides mathematical convenience and solvability.

http://en.wikipedia.org/wiki/Random_walk_hypothesis
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