At first I was surprised to hear about this, but then I looked up Black on Wikipedia and, hey, he’s only 83, so why not write a book. He also got some prominent academics to promote it, so that’s cool.
13 thoughts on “New book coming out by Fischer Black!”
I guess this is a joke because “Noise” is an article from 1986, Fischer black has been dead for over 25 years, and the NYT article linked doesn’t mention him by name. But I don’t get it?
Kahneman has been talking about his investigation into “noise” for quite a while. Is the point that Kahneman’s investigation is derivative? Is that a fair assertion?
Fischer Black died in ’95 at 57; Emanual Derman, who worked with him at Goldman Sachs, teaches Financial Engineering at Columbia… Black would probably have been a co-recipient of ’97 Nobel prize in Econ (not given posthumously) along with his collaborators Merton and Scholes.
Fischer’s paper was about the problems with noise. Kahneman and Sustein’s book about noise is supposed to offer ways to solve the problem of noise, which is weird because Shannon already did. It’s called redundancy. Maybe they were leading by example.
I can already see that the book has mixed reviews, those positive stating that it is an ‘important topic which we need to talk about’, which very closely mimics opinions on social problems that nobody really cares about but wants to look cool, caring and knowledgeable. There is just too many popular authors in the last years writing about some statistical bias and misuse of models.
I guess this is a joke because “Noise” is an article from 1986, Fischer black has been dead for over 25 years, and the NYT article linked doesn’t mention him by name. But I don’t get it?
I think the joke is that hyped book “Noise” by Kahneman et al. is quite similar to the Fischer Black article…
I still don’t get it.
Kahneman has been talking about his investigation into “noise” for quite a while. Is the point that Kahneman’s investigation is derivative? Is that a fair assertion?
its about the coauthors
Ah.
I’m not sure what’s the point but it’s the second reference to that paper I see today: https://twitter.com/EmanuelDerman/status/1394474629767565313
Andrew’s Top American Behavior Nudger, Mr. Cognitive-Bias-Is-What-Makes-Us-Panic-About-Corona-Virus, is a co-author with Kahneman on the new book.
Just look at silly people wearing masks! Undoubtedly sufferers of “probability neglect”.
Looks like Fischer Black died in 1995, according to Wikipedia…
I predict ‘Noise’ will be a good book once published, but only if you think slow and not fast ;-)
Fischer Black died in ’95 at 57; Emanual Derman, who worked with him at Goldman Sachs, teaches Financial Engineering at Columbia… Black would probably have been a co-recipient of ’97 Nobel prize in Econ (not given posthumously) along with his collaborators Merton and Scholes.
Fischer’s paper was about the problems with noise. Kahneman and Sustein’s book about noise is supposed to offer ways to solve the problem of noise, which is weird because Shannon already did. It’s called redundancy. Maybe they were leading by example.
This is one of my favorite replies in the history of this blog!
I can already see that the book has mixed reviews, those positive stating that it is an ‘important topic which we need to talk about’, which very closely mimics opinions on social problems that nobody really cares about but wants to look cool, caring and knowledgeable. There is just too many popular authors in the last years writing about some statistical bias and misuse of models.