There is a reason why science does not play the stock market, because their speculation far to often ends up not being accurate and outright wrong. But for now, they seem to get away with trying to promote the product of their collective imagination.
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The very concept of money could be described as a pseudo-religion. In the words of Vetinari, it is "the idea that a small disc of common metal is worth a good meal". People's incredible faith in market forces, despite their chaotic nature and hence almost total unpredictability, smacks of religious behaviour.
science DOES play the stock market. it's a chaotic system based on probability. I guess this idiot never heard of quantitative finance or the many physics ph.d who've successfully jumped ship to finance, or the black-scholes equation for pricing options which is heavily based on the kolgomorov equations and geometric brownian motion.
science does play the stock market, and people have made fortunes for it.
The very concept of money could be described as a pseudo-religion. In the words of Vetinari, it is "the idea that a small disc of common metal is worth a good meal".
Well, in the olden days, it was a small disc of rare metal.
The value of Specie money (gold and silver) was buoyed by the rarity of the materials it was made out of. The value of modern "Fiat" money (paper currency, cheap metal coins, electronic funds, etc.) is also buoyed by the rarity of the money, but now it depends on our faith that the government won't suddenly start printing more money willy-nilly and that counterfeiting won't become rampant.
@Swede ,
Well there was that crowd of MIT students who applied their knowledge of statistics to make millions of dollars off of blackjack in Vegas.
Then the casinos changed how the cards were shuffled.
JohnR7 clearly doesn't know how people play the stock market.
There is a reason why science does not play the stock market, because their speculation far to often ends up not being accurate and outright wrong.
Does praying work on the stock market? "Jesus, my Lord and Saviour, I bought these hot internet stocks for a price of 200$ per share in 2000! I beg you to make them go up to 200$ again!"
Scientists refrain from speculating because they acknowledge what stock price movements mostly are: A random walk. And as every casino visitor learns the hard way: You cannot beat a random walk, no matter what clever 'system' you apply.
But random and chance are concepts that are very hard to comprehend for a fundie mind ... in their magical thinking, they seek "purpose" behind everything, even in pure randomness.
Except science still gives us cool shit. Creationism, on the other hand, is only good for promoting ignorance, misogyny, and racism.
Confused?
So were we! You can find all of this, and more, on Fundies Say the Darndest Things!
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