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the thousandth clown theory
Topic: Miscellaneous 5:30 am EST, Mar  3, 2015

Ari Oliver:

The lone trader does his analysis and doesn't worry about being taken because he is just one guy trying to make a few trades. And then his setup happens and he takes his position ... and the market does exactly the thing that will cause him the biggest loss. How can this be? he thinks. He is just one clown trying to clip a few ticks or points, here and there, not worthy of being a target. But he starts to suspect that maybe he is just one of a thousand clowns, or ten thousand, who are all doing exactly the same analysis at precisely the same time and taking the same positions, which are exploited by a better algo in a box somewhere with huge backing. This "thousandth clown theory" starts to gnaw at him, make him doubt.

Man, in SMBC:

I know that the babysitter's club won't cook and eat my children, but I'd just relax more if a profit-motivated third party provided confirmation.

Christian Madsbjerg and Mikkel Rasmussen:

"We asked one kid to design his ideal room," another researcher told us. "And it had all sorts of covert elements: booby traps and CSI [from the Crime Scene Investigation TV series] secret doorways. Everything was communicating, 'Stay out!'" The anthropologists discerned that the box of poison mushrooms and the booby-trapped room were both reactions against the staging and surveillance happening in the children's lives.

Omid Safi:

How did we end up living like this? Why do we do this to ourselves? Why do we do this to our children? When did we forget that we are human beings, not human doings?

Stanley Kubrick:

Either you care, or you don't. There's no in-between. And if you care, then go all of the way.



 
 
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