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iwfal

07/19/08 3:23 PM

#4829 RE: corpstrat #4826

Taleb happens to repeat the butterfly story uncritically, I thought it had been debunked as urban myth

Not sure what you think might be myth, but the butterfly effect is an analogy that used by the discoverer of Chaos Theory in, I believe, his seminal paper.

And the effect it describes is no less true now than it was then - some systems amplify miniscule differences so hugely that it is inherently impossible to predict outcomes usefully far into the future.

So there are no myths that I know of associated with the butterfly effect as a general thesis - unless you were referring more specifically to something like the butterfly effect on trading.


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exwannabe

07/19/08 5:07 PM

#4830 RE: corpstrat #4826

OT: Re DORB

"Even poor little DORB, with its promising GVHD pill given the shaft by the psychopathic Pazdur, is still soldiering on. (Would it be worth a flutter again, btw? Has anyone looked to see if it has the cash to get another P3 done and NDA submitted? "

They have announced they hired a bio-outsourcing company to run a new P3 in exchange for an equity stake. From the way the PR read, it kind of sounds like they will go nearly comatose and wait it out for 2 years (though they might still be pushing that ricin vacine).