“You Are Not An Equation” (And Neither Are Your Students)
I’ve written a fair amount about the importance of being “Data-Informed” and not “Data-Driven.” In fact, I’ve posted The Best Resources Showing Why We Need To Be “Data-Informed” & Not “Data-Driven.”
The newest addition to that list is a short article, which includes a video, titled You Are Not An Equation. It’s about Emanuel Derman, who the article describes as “a Quant, one of the shadowy legion of mathematicians on whose models Wall Street relies to make trading decisions.”
Derman has become highly critical of the use of these kinds of mathematical models — not just for Wall Street,
