Working paper
Так ли уж плохо, что мы не умеем распознавать черных лебедей?
Математические методы анализа решений в экономике, бизнесе и политике. WP7. Высшая школа экономики, 2010. No. 03.
Analyzing the reasons of financial crises in the author concludes that modern economic models badly describe reality for they are not able to forecast such crises in advance. We tried to present processes on stock exchange as two random processes one of which happens rather often (regular regime) and the other one – rather rare. Our answer is that if regular processes are correctly recognized with the probability a bit higher than 1/2, this allows to get positive average gain. We believe that this very phenomenon lies in the basis of unwillingness of people to expect crises permanently and to try recognizing them.
Research target:
MathematicsEconomics and Management (including Public Administration)Sociology (including Demography and Anthropology
Language:
English
Full text (PDF, 1.71 Mb)
Publication based on the results of:
Decision Making Modeling in Social and Economic Systems(2011)