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Jan. 30th, 2026 10:14 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birdwatcherLaurent Hynes@mises.org -- Quantitative Finance Has a Rotten Foundation.
The intricate probabilistic methods of academic economics and their required mathematical erudition seem to bar entrance to those more intent on cultivating the techniques of causal realism. Yet such models ultimately rest upon a fundamental assumption concerning the nature of human action, the validity of which is hardly addressed within academia and whose ontological fallaciousness fatally undermines their applicability.
The intricate probabilistic methods of academic economics and their required mathematical erudition seem to bar entrance to those more intent on cultivating the techniques of causal realism. Yet such models ultimately rest upon a fundamental assumption concerning the nature of human action, the validity of which is hardly addressed within academia and whose ontological fallaciousness fatally undermines their applicability.