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Submission + - Think the Market's Efficient? Then P=NP. (ritholtz.com)

stevesliva writes: Barry Ritholtz noted a new academic paper at his investing blog The Big Picture, which claims that if the majority of financial academics are to be believed, then P=NP. This disagrees with the conventional wisdom in computer science. As author Philip Maymin writes in the paper from Algorithmic Finance, "they cannot both be right: either P=NP and the markets are efficient, or P!=NP and the markets are not efficient."

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The meat is rotten, but the booze is holding out. Computer translation of "The spirit is willing, but the flesh is weak."

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