That the market will find a way to dodge any such legislation. Are they proposing to tax firms trading in the UK, those trading in UK stocks from abroad, those trading the derivatives of those instruments? The challenges of extraterritoriality will ensure Originally used by physicist Wolfgang Pauli to criticize pseudoscience even harsher than simple scientific errors:'This is not right. Peter Woit is a theoretical physicist, mathematician, critic of string theory, and author of the popular science blog Not Even Wrong. Finally, and perhaps incidentally, it won’t work. Click to open expanded view Share your own customer images Search inside this book Share Not Even Wrong: The Failure of String Theory and the Search. Worse than wrong, being an untestable claim. Yes, some people break the rules (as they do in every walk of life) and when they get caught they are While the original usage is borderline apocryphal, it can be assumed that if Pauli used it, he was using it more in the sense of not falsifiable, however the underlying. What about electronic market makers that basically provide the oil that lubricates nearly every market worldwide? Second, there is no definitive proof that HFT is actually harmful to markets - yet again I fear this is politicians trying to leap on the populistīandwagon of "doing something" about the finance industry. Not even wrong is often applied, in various paraphrasings, to any theory or argument that confuses its terms to such a point that a systematic rebuttal is not feasible. The politicians say they want to prevent investors taking very short-term positions - but what about day traders, As everyone knows, HFT has no formal definition. For a start, any tax aimed at changing behaviour needs to be veryĬlear about what behaviour it is targeting and the preferred outcome it is trying to achieve. As a more formal fallacy, it refers to the fine art of generating an ostensibly 'correct' conclusion, but from premises known to be wrong or. In recounting the story of Morgans early symptoms, diagnosis and therapy, Collins weaves in a forgotten and sometimes. Not even wrong refers to any statement, argument or explanation that can be neither correct nor incorrect, because it fails to meet the criteria by which correctness and in correctness are determined. They must have been drinking more sangria than I have over the past few weeks. Not Even Wrong is a beautiful book - one part memoir, one part history. Gently easing my way back into the daily grind after my annual vacation I came across the report that
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