Comment by 331c8c71
Excuse me? Quant finance doesn't claim to be devising grand theories about how the world operates (is more akin to engineering). And when it does, any delineation from economics is moot.
Excuse me? Quant finance doesn't claim to be devising grand theories about how the world operates (is more akin to engineering). And when it does, any delineation from economics is moot.
> What's quintessential quant finance? Black-Scholes and no-arbitrage pricing
This is a bad model to pick to exemplify physics envy given it’s based on thermodynamic dispersion.
The term “physics envy” broadly applies to all social sciences lacking a mathematical basis. It’s a criticism of using math where it doesn’t belong. That hasn’t really fit (until very recently) with economics. It’s been a classic complaint about quantitative finance’s loftier visions of universality.
> Quant finance doesn't claim to be devising grand theories about how the world operates
What do you base this on?