News for hackers. Stuff that matters.

A comment on Finding Signal in the Noise: Machine Learning and the Markets (Jane Street). Parent comment

Re:Finding Signal in the Noise: Machine Learning and the Mar... by eadmund on Sunday March 16, 2025 @06:41AM (#43378027)
> Derivatives that require the fuel of 15 math Phds to lock in fractions of a percentage pricing inefficiencies so their firm can pocket the difference do not have much value at all.

They have at least as much value as the total compensation of 15 math PhDs, otherwise that work would not be done.

[ Parent | on HN ]
Re:Finding Signal in the Noise: Machine Learning and the Mar... by andrepd on Sunday March 16, 2025 @08:14AM (#43378416)
It's remarkable how on every single discussion on this topic the Circular Argument is eventually brought up lol
[ Parent | on HN ]
Re:Finding Signal in the Noise: Machine Learning and the Mar... by daymanstep on Sunday March 16, 2025 @06:57AM (#43378084)
It is bizarre that people conflate money with value.

A scammer who makes $1m dollars a year does not generate any value, in fact he removes value from society.

[ Parent | on HN ]