“Indeed, the frequency of crashes in the Monte Carlo simulations was much smaller than the frequency of crashes in the real data: if one of the most frequently used benchmarks of the industry is incapable of reproducing the observed frequency of crashes, this indeed means that there is something to explain that may require new concepts and methods.”

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 9, Prediction Of Crashes And Antibubbles, p. 327.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Indeed, the frequency of crashes in the Monte Carlo simulations was much smaller than the frequency of crashes in the r…" by Didier Sornette?
Didier Sornette photo
Didier Sornette 27
French scientist 1957

Related quotes

Christopher Monckton photo

“Not greatly to my surprise—indeed I predicted it—the satellite crashed on take-off because the last thing they [NASA] want is real world hard data.”

Christopher Monckton (1952) British public speaker and hereditary peer

Attributed by Adam Morton http://www.theage.com.au/environment/climate-change/climate-sceptic-clouds-the-weather-issue-20100201-n8y3.html, reporting in The Age, about a speaking engagement in which Lord Monckton implied that NASA had sabotaged a Taurus rocket in order to prevent the Orbiting Carbon Observatory from reaching space.
Attributed

Nikki Sixx photo

“People want to see the car crash instead of the race. But, when you're the one in the car that's crashing, it's not much fun. I'm enjoying the race.”

Nikki Sixx (1958) American musician

Source: The Heroin Diaries: A Year In The Life Of A Shattered Rock Star

Alfred Kinsey photo

“At the risk of being repetitious, I would remind the group that we have found the highest frequency of induced abortion in the group which, in general, most frequently uses contraceptives.”

Alfred Kinsey (1894–1956) American scientist (1894–1956)

Abortion in the United States, Report of a Conference Sponsored by the Planned Parenthood Federation of America, Inc., (1958)

James Jeans photo
RuPaul photo

“I don’t have to explain myself. My frequency is very common and is open to anybody to tune in”

RuPaul (1960) Actriz de Televisa, dueña y señora de los ejidos cacaoahuateros

Quoted by Joslyn Pine in: "Book of African-American Quotations"

“You use your brain much as you would use a radio crystal; you tune in different frequencies.”

Be Who You Want, Have What You Want: Change Your Thinking, Change Your Life

Ben Bernanke photo

“The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.”

Ben Bernanke (1953) American economist

"A Crash Course for Central Bankers," Foreign Policy (September/October 2000)

Related topics