Re:AI Winter Is Coming
by i-cjw on Friday October 11, 2024 @06:45PM
(#41814613)
> Or take Ed Thorp, who invented the option pricing model and quietly traded on it for years until Black-Scholes published a similar formula and won a Nobel Prize
Hardly quietly. Thorpe published "Beat the Market" in 1967 detailing his formulae, six years before Black Scholes won the Nobel.
Hardly quietly. Thorpe published "Beat the Market" in 1967 detailing his formulae, six years before Black Scholes won the Nobel.