Yuan YaoThe Fallacy of Experts: the story of Edward Thorp, Black-Scholes options pricing model, and LTCM.Increasingly, we are told to “listen to the experts.” While I don’t have a problem with what a specialised expert is saying.3 min read·Mar 16, 2021--1--1
Yuan YaoThe Fed’s Franken-BullThis is a long convoluted explanation of how the post 2008 GFC Fed made the 2020 Franken-Bull; it makes gratuitous use of direct quotes…7 min read·Apr 18, 2020----
Yuan YaoChina & the freedom of speech and the problem of a populous peasantry.Human desire for full & unabridged freedom of speech as a fundamental right needs no further exhortation.6 min read·Feb 14, 2020--1--1