Nicholas Taleb would be rolling over in his grave, if he was dead.
Nicholas Taleb would be rolling over in his grave, if he was dead.
Others may have provided this URL: "What We Know About Spreadsheet Errors" by Raymond R. Panko http://panko.shidler.hawaii.edu/ssr/Mypapers/whatknow.htm
The European Spreadsheet Risks Interest Group: http://www.eusprig.org/
Grammar correction: "if he was dead." <--- _were_ dead, _were_ dead!
Luckily he's very much alive. From Nicholas Taleb's website at http://www.fooledbyrandomness.com/jorion.html
"My refutation of the VAR does not mean that I am against quantitative risk management - having spent all of my adult life as a quantitative trader, I learned the hard way the fails of such methods. I am simply against the application of unseasonned quantitative methods."
Use of a paradigm that has such a high error rate is, at the very least, an "unseasoned quantitative method".
I take it you are against software in general, then.