A Disturbing Philosophical Thought

If you have been following this blog since its start, you’ll observe that I’m very big on the concept of randomness. We talked about causation vs correlation and looked at specific examples like the capital market and the casino game baccarat. Now I can sum up the entire concept in one statement –

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Show me the money

Academic definition:

A capital market is a market for securities (debt or equity), where business enterprises (companies) and governments can raise long-term funds. In primary markets, new stock or bond issues are sold to investors via a mechanism known as underwriting. In the secondary markets, existing securities are sold and bought among investors or traders, usually on a securities exchange, over-the-counter, or elsewhere. [source Wikipedia].

The truth:

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What does the capital market and a hand of baccarat have in common?

I’ll let you take three guesses before I give you the ultimatum. Well, any of your three guesses will not be correct because I don’t know what’s the connection too but does my fascination with both count? Haha, lame joke I know. But couldn’t help it really.

The term apophenia (pronounced as ef.ə.′si.niə) is defined as the experience of seeing meaningful patterns or connections in random or meaningless data. This combined with hindsight bias will be really freaky to the extent that either Shutter or Final Destination 5 has to step aside.

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