A Newsweek profile of quantitative finance expert Paul Wilmott includes the following lines:
Over the past decade, and increasingly since the crash, Wilmott has cultivated a loyal following of truth-seeking converts from the failed school of thought that the entire world can be turned into Greek symbols, plugged into equations, priced and predicted. He’s especially critical of the notion that math can forecast human behavior, essentially the basis of finance. “This,” says Wilmott, “is absolute rubbish.”
Isn?t this a basic tenet of Austrian School economics?
