Replying to the proper list... Am 13.04.2012 um 00:08 schrieb Till Oliver Knoll <till.oliver.kn...@gmail.com>:
> > > Am 12.04.2012 um 22:54 schrieb Paul Floyd <pa...@free.fr>: > >> >> On 12 Apr 2012, at 22:46, Till Oliver Knoll wrote: >> >>> The truth is: the financial industry is dead simple compared to software >>> engineering: throw a little bit of primary school math like addition and >>> multiplication into the game, and you know how Interest Rate Swaps etc. >>> work. Add a little bit of statistics (being able to compute the average >>> already helps a lot) and you become an economist, and if you know about >>> standard deviation, heck, you're champ! >> >> That's rather an exaggeration. The Black-Scholes equation is a PDE, which is >> a bit beyond the ken of most primary schoolchildren. > > Okay, now take all this, for instance: > > http://en.m.wikipedia.org/wiki/Black–Scholes > > and add to it all it takes to implement it in software: numerical stability, > algorithmic, design patterns, not to mention the knowledge of any suitable > programming language, tools, the understanding of a computer architecture > (caching, suitable data structures to minimise cache misses...) > > Then we get into the area of what it takes to develop software ;) > > > Off course I must admit that I never implemented stuff like this myself > (however I did come across topics such as Monte Carlo integration in topics > such as Radiosity calculation in computer graphics, Delaunay triangulation, > ...) However I had the "joy" to solve PDEs during my studies (at least I > think I did ;)). > > > > Anyway, we agree that when targeting an audience in either topic you wouldn't > want to describe what an option in the financial market is, nor what a > compiler does in general when describing its switches or whatever. > > Cheers, Oliver > > _______________________________________________ Interest mailing list Interest@qt-project.org http://lists.qt-project.org/mailman/listinfo/interest
