... [T]he problem is that many people simply... don't separate the idea of a number and the symbols used to represent numbers...
That is exactly right. I'm kind of saddened that I had to go this deep in the comments to see this perspective, but this is why this argument exists. No "proof" will satisfy everyone because it's a tautology that relies on acknowledging the representation issue. Most people who have accepted the fact that limits exist would agree that the sum of 9 times 10^n for n=1 to infinity is one (because that in itself is shorthand for the limit of that sum from n=1 to N as N goes to infinity), but that is exactly the same as "proving" 0.99999 (repeating) is equal to one. No proof is necessary: they're just different representations of the same quantity.
I work in this area, and this isn't really that big of a deal, regardless of the spin they put in the announcement.
This is about publishing a reference implementation of an already widely published model so that when party A does a particular calculation, related to a settlement amount for a particular trade, and party B does the same calculation, the values match.
Qualitatively, and to a large extent quantitatively, everybody on the street has been using the same model all along. The idea of publishing a reference implementation is meant to minimize conflicts in settling trades.
The accuracy of the valuation model here is not at the heart of any of the problems that AIG -- or any other firm, for that matter -- have experienced. That's more aligned with a simple lack of oversight on exposure.
Pretty cool. My Emacs theme seems to be kind of in the middle of Zenbrun and Gruber Dark, but it's hardly complete. It's aimed at Perl and C++; I called it "stone washed".
Lisp comments don't seem to format well with CODE or PRE tags:( Anyway, copy below into color-theme-stonewashed.el to use with the Color Theme package in (X)Emacs.
;;; my-color-theme.el ---;; Copyright (C) 2001 by Free Software Foundation, Inc.;; Author: Mark E. Ferguson;; Keywords: color-theme;; This file is free software; you can redistribute it and/or modify;; it under the terms of the GNU General Public License as published by;; the Free Software Foundation; either version 2, or (at your option);; any later version.;; This file is distributed in the hope that it will be useful,;; but WITHOUT ANY WARRANTY; without even the implied warranty of;; MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the;; GNU General Public License for more details.;; You should have received a copy of the GNU General Public License;; along with GNU Emacs; see the file COPYING. If not, write to;; the Free Software Foundation, Inc., 59 Temple Place - Suite 330,;; Boston, MA 02111-1307, USA.;;; Commentary:;; A washed-out mild color theme.;;; Code:
Re:Excession and Look to Windward?
on
Matter
·
· Score: 1
Player of Games is by far my first choice when suggesting an intro to Iain M. Banks. It's a great overview to his Culture meta-setting that crosses most of his SF work, and has good pacing.
Note that Mr Banks publishes "mainstream" fiction under Iain Banks (to be pedantic, note there is no "M."), too, and that's every bit as fun (and more than occasionally as odd) as his SF. Try Whit, for example:)
Exactly the first thought to run through my head. I'm surprised you were the frosty one on this (i.e. that it took that long for someone to make this connection).
No, it's more like they were exploiting these small arb opportunities and got bored with it, and looked for bigger plays, based more on models to indicate "arbitrage" (not really arbitrage anymore as there is risk involved) than on exploiting the *real* arbitrage opportunities their better spreads provided. Had they stuck to the boring small stuff they'd still be here.
Slashdot Mirror
Yup. Basic in high school, Pascal in college, then LISP and assembly. Then I switched majors to Math :)
Food label Calories, and the ones in the daily recommendations, are in fact kcals.
Exactly my thought. Well done.
Thisaway and thataway? Better: deosil and widdershins.
... [T]he problem is that many people simply ... don't separate the idea of a number and the symbols used to represent numbers...
That is exactly right. I'm kind of saddened that I had to go this deep in the comments to see this perspective, but this is why this argument exists. No "proof" will satisfy everyone because it's a tautology that relies on acknowledging the representation issue. Most people who have accepted the fact that limits exist would agree that the sum of 9 times 10^n for n=1 to infinity is one (because that in itself is shorthand for the limit of that sum from n=1 to N as N goes to infinity), but that is exactly the same as "proving" 0.99999 (repeating) is equal to one. No proof is necessary: they're just different representations of the same quantity.
I work in this area, and this isn't really that big of a deal, regardless of the spin they put in the announcement.
This is about publishing a reference implementation of an already widely published model so that when party A does a particular calculation, related to a settlement amount for a particular trade, and party B does the same calculation, the values match.
Qualitatively, and to a large extent quantitatively, everybody on the street has been using the same model all along. The idea of publishing a reference implementation is meant to minimize conflicts in settling trades.
The accuracy of the valuation model here is not at the heart of any of the problems that AIG -- or any other firm, for that matter -- have experienced. That's more aligned with a simple lack of oversight on exposure.
Lisp comments don't seem to format well with CODE or PRE tags :( Anyway, copy below into color-theme-stonewashed.el to use with the Color Theme package in (X)Emacs.
(defun color-theme-stonewashed ()
"Color theme by Mark E. Ferguson, created 2001-02-01."
(interactive)
(color-theme-install
'(color-theme-stonewashed
((background-color . "black")
(background-mode . dark)
(border-color . "black")
(cursor-color . "white")
(cursor-type . bar)
(foreground-color . "grey95")
(mouse-color . "Grey90"))
((cperl-here-face . font-lock-string-face)
(cperl-invalid-face quote underline)
(cperl-pod-face . font-lock-comment-face)
(cperl-pod-head-face . font-lock-variable-name-face)
(list-matching-lines-face . bold))
(default ((t (nil))))
(bold ((t (:bold t))))
(bold-italic ((t (:italic t
(cperl-array-face ((t (:bold t
(cperl-hash-face ((t (:italic t
(cperl-nonoverridable-face ((t (:foreground "orchid1"))))
(font-lock-builtin-face ((t (:foreground "light pink"))))
(font-lock-comment-face ((t (:foreground "LightSteelBlue3"))))
(font-lock-constant-face ((t (:foreground "PaleGreen3"))))
(font-lock-function-name-face ((t (:foreground "orange"))))
(font-lock-keyword-face ((t (:foreground "SkyBlue2"))))
(font-lock-reference-face ((t (:foreground "cadet blue"))))
(font-lock-string-face ((t (:foreground "
Player of Games is by far my first choice when suggesting an intro to Iain M. Banks. It's a great overview to his Culture meta-setting that crosses most of his SF work, and has good pacing.
:)
Note that Mr Banks publishes "mainstream" fiction under Iain Banks (to be pedantic, note there is no "M."), too, and that's every bit as fun (and more than occasionally as odd) as his SF. Try Whit, for example
OK, then, how about Thai? I swear they know what I want before I do....
Exactly the first thought to run through my head. I'm surprised you were the frosty one on this (i.e. that it took that long for someone to make this connection).
Hard to lather after you rinse....
No, it's more like they were exploiting these small arb opportunities and got bored with it, and looked for bigger plays, based more on models to indicate "arbitrage" (not really arbitrage anymore as there is risk involved) than on exploiting the *real* arbitrage opportunities their better spreads provided. Had they stuck to the boring small stuff they'd still be here.
So it's really just the US that's having problems, right? So now we'll be taking over countries for their VIN prefixes....
Read the list. Go. Now. Look at #10.
The proposed treaty would grant broadcasters the right to stop the original creators from otherwise distributing their work!
That, mes amis, is WRONG.