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Knowable unknown: Difference between revisions
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Such as that “options will behave as predicted by the [[Black-Scholes option pricing model]]”. | Such as that “options will behave as predicted by the [[Black-Scholes option pricing model]]”. | ||
The problem with [[knowable unknowns]] is that they are irritatingly time-bound, and tend to be knowable at all the times where you don’t really need to know them, but then | The problem with [[knowable unknowns]] is that they are irritatingly time-bound, and tend to be lazily knowable at all the times where you don’t really need to know them, but then suddenly impenetrably ''un''knowable just when your pants are down, life is standing behind you with a red hot poker and it would be really super convenient if, just for one goddam moment, you could know them ''right now''. | ||
Victims of expiring [[knowable unknowns]] include [[Long-Term Capital Management]] in 1998, the entire [[financial services]] industry in 2008, | Victims of expiring [[knowable unknowns]] include [[Long-Term Capital Management]] in 1998, the entire [[financial services]] industry in 2008, and those people who mistook [[Sam Bankman-Fried|Sam Bankman Fried]] for some kind of genius. | ||
{{sa}} | {{sa}} | ||
*[[System redundancy]] | *[[System redundancy]] | ||
*[[Unknowns]] | *[[Unknowns]] | ||