/sci/ - Science & Math

>>12734001
no

>>12734001
Yes

>>12734001
Maybe

>>12734001
Probability itself is fine, but financial "math" is a meme. No better than horoscope.

>>12734218
so the third book in OP's pic is just bullshit?

>>12734001
It depends on which institutions and what do you wanna do it with it. desu u would learn a lot just out of the books in that picture.

>>12734001
A very big "depends".

There is a lot of solid mathematics to be found, if you can get that, then I would recommend it. The issue I had with it is the belief that many of the assumptions made apply to the real world and real markets. Many of the assumptions basically amount to a religious belief that the assumptions apply, the moment you get a large number of people that don't care or believe the assumption whole fields collapse.

A year of finance after mathematics made me believe that the western economy is no different from religion, there is no substance underneath, only blind faith in old economists that have no hard evidence for their claims.

>>12734001
>(((degree)))
lmao
just do your education yourself and make it along with Citadel or Renaissance Tech.

bump i'm interested in studying OP chart is it a meme are there better choices

maths is useless to get rich. Math is only used because
-atheists think that using maths will turn any field as a ''''''''''''''science'''''''''''
-atheists think that an asset has ''''''''''''''fundamental value'''''''''''''(see the brainlet like graham and so on)
-atheists already in finance use math in and value everything with their formulas, but it doesn't mean the value they output is actually the '''''''''''''''''fundamental value''''''''''' of the asset. it's just that everybody right now uses the same formulas, so they just cling to the same delusion and pass it as reality

If you want to earn money with finance, then buy nasdaq and an etf world.
If you want to trade, do it every day and just follow the herd. You sell what other people sell and buy what other people buy.
Dont try to invent some crappy martingale or go against the herd.
Once you keep day trading for a few months, you try to time the market and follow the herd.

>>12734942
Yes. If you want, you can see for yourself. Try to read it, and follow the logic from the first principles. You will quickly see that it's all bullshit.

>>12734001
The average Quant is just some autistic retard.
Basically a modern day alchemist.
Pic rel is a powerful wizard though and the king of Quants. To be like him you should have money, a team of educated people behind you, brains, and Algorithms.
If you have none of that shit just focus on making uber good paper trading algorithms until your ballzy enough to bet with real money.

>>12734001
Pure math / CS

>>12734001
>durrett
>"a background in measure theory is not required"
Doesn't he start assuming that the reader knows that Borel Sets and Lebesgue measures are in the literal first chapter? I have a feeling the person who made this chart hasn't actually ready these.

>>12734001
My master's has a computational finance optional module and I'm taking it

>>12737997
>I have a feeling the person who made this chart hasn't actually ready these.
they never do