A Fervent Defense of Front-running HFTs

In the good old days before the computer revolution, stocks were generally priced by traders using pencil and paper. Analysts would read news, study corporate financials, and then give ideas to traders. Trading happened in a physical trading pit. When a large player (Goldman Sachs, J.P. Morgan) wanted to …

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Assorted links

A Fervent defense of Frequentist Statistics. Eliezer Yudkowsky's comments are also well worth reading. Most notably:

Who are these mysterious straw Bayesians who refuse to use algorithms that work well and could easily turn out to have a good explanation later? Bayes is epistemological background not a toolbox of algorithms …

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