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
“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.
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Didier Sornette 27
French scientist 1957Related quotes
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