DS --
"If you read the whole article you would realize that I don't say anything of the sort."
I don't have access to the whole article. All I know is the OP's description and your reply to him which doesn't say much to contradict it or explain it for that matter.
DS --
"No one ever proved that bumblebees can't fly. Their ability to fly violates no law of physics."
Of course no one ever proved it. If they did the proof was obviously flawed. It's an old saying that ridicules those in Ivory Towers who conjure theories that have no basis in reality. Lousy Economists who promote unproven and untried investment strategies come to mind as an archetype.
DS --
"The Black Scholes model is not a proof regarding math. You offered it up as an example of when an accepted mathematical proof turned out to be wrong."
First of all, I did not offer Black-Scholes as "an example of when an accepted mathematical proof turned out to be wrong". How can you say I did? Are you lying, are you too dumb to understand what I said, are you being illogical, or is the wish just father to the thought for you? I said I had problems with it myself but that's entirely different from saying "it turned out to be wrong". I've since been getting some great lessons that explain it in a common sense way and which I suspect a lot of people are enjoying. jason1990 and mosta are a couple of very sharp guys.
I've never read the Black-Scholes paper, "The pricing of options and corporate liabilities", J. Polit. Econom., 81 (1973), 637-659 so I don't know what Mathematics was used in that paper. However there is plenty of mathematics that supports the Black-Scholes Formula and it is commonly taught in graduate level probablity classes.
jason1990 and mosta in this post:
mosta on Black-Scholes Math
have no problem recognizing the math I'm referring to. The math on the topic which I studied is from "Inroduction to Stochasitc Integration" by K.L. Chung and R.J. Williams, 2nd edition, pp255-262. R.J. Williams was my phd advisor at UCSD.
Unfortunately I have forgotten far more math by now than I remember.
DS --
"You are unqualified to seriously talk about many of the subjects that you post about. "
Oh Really? Well, pooh pooh pee doo.
PairTheBoard