Saturday, April 28, 2012

Don't tell them it's also linked to tax revenues in the City of London which finance their existence

The BBC has a classic case of 'English Majors Trying To Write About Finance', with this clanger of a headline:
Black-Scholes: The maths formula linked to the financial crash
Bravo! Never mind that the 'financial crash' is nearly universally recognised as being about a crisis in:

-Banks and Bank Runs


-Sub-Prime Leverage

-Counter-party Risk



none of which have anything  to do with options or the Black-Scholes formula. It's like the Black Scholes formula has become the Economic Whipping Boy that SMBC hilariously described.

Here's a fun game - identify other scary sounding 'linkages' that the BBC may be interested in exploring:

-Chemotherapy linked to patients having cancer

-SAT scores linked to students failing to get into college

-Cars linked to increase in bank robberies


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