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comment by Odder
Odder  ·  353 days ago  ·  link  ·    ·  parent  ·  post: Arrogant physicists — do they think economics is easy?

Considering I personally know at least one person who did exactly what you're describing (big salary still pending), I'd say yes, that's very possible. ;) I think am_Unition is defending the people who stay in physics, not the ones who jump ship.

Also there's this thing, which ought to prove that physicists have definitely already left their mark on quantitative finance.




kleinbl00  ·  353 days ago  ·  link  ·  

I grew up at Los Alamos National Labs so I've known plenty an experimental physicist. We're all on the same page about this.

It's hilarious, however, that you point at Black-Scholes, considering where Myron Scholes ended up.

    Some industry officials said that Federal Reserve Bank of New York involvement in the rescue, however benign, would encourage large financial institutions to assume more risk, in the belief that the Federal Reserve would intervene on their behalf in the event of trouble. Federal Reserve Bank of New York actions raised concerns among some market observers that it could create moral hazard since even though the Fed had not directly injected capital, its use of moral suasion to encourage creditor involvement emphasized its interest in supporting the financial system.

Arrogant economists indeed.