Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.
William PoundstoneUse "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.
William PoundstoneIn The Tricky Art of Co-Existing, Sandi Toksvig navigates life's little dilemmas with wit and not-so-common sense. You'll learn the strange history of common courtesy and the one true secret of social success: how to not drive everyone around you crazy.
William PoundstoneThe best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.
William Poundstone