Comments on: Dystopic finance Models.Behaving.Badly Fri, 14 Sep 2012 09:10:53 +0000 hourly 1 By: pburns_stat Thu, 08 Sep 2011 17:57:33 +0000 I classify pretty much all of finance into one of three categories:

* academic nonsense
* zero-sum
* actually useful

The first two categories are much larger than the last. I agree that one of the most promising items in the useful category is agent-based models. I’ve been interested in them for years and done zero with them.

However, I don’t see the situation as particularly depressing. C’est la vie.