tag:blogger.com,1999:blog-5880610.post8430304325205917051..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Finance and the allocation of human capitalSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5880610.post-37880631355732938812013-01-30T16:51:10.631-05:002013-01-30T16:51:10.631-05:00Why isn't it probable that someone in finance,...Why isn't it probable that someone in finance, who implicitly allocates capital to their most valued use, is not benefiting society more than the latest cancer researcher or climate scientist? Public based spending on science is highly affected by politics, and so I don't see it as more productive than the former. Remember, after the mortgage crisis, government sponsored FHA changed itsefalkennoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-89960551627811427892012-06-28T19:22:38.375-04:002012-06-28T19:22:38.375-04:00As I am constantly scouring the want-ads. I have ...As I am constantly scouring the want-ads. I have seen in the last two years at UltraMegaBigSpaceManufacturer exactly 1 job for which a master's degree was a minimum and a Ph.D. was expected. Across all the divisions on UltraMegaBigConglomerate, that number may be as big as five in two years. Times four for the extent of UltraMegaBigIndustry, and we are just talking about the margins of theDavid Coughlinhttp://twitter.com/dscoughlinnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-67780336737127430172012-06-28T14:37:51.872-04:002012-06-28T14:37:51.872-04:00People spend their time doing lots of things. Is ...People spend their time doing lots of things. Is making up silly financial contracts any more or less important than flying to Mars? This is about human values, not the allocation of human capital.Andrewhttp://abellia.myopenid.com/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-16845259515248932912012-06-28T13:57:58.431-04:002012-06-28T13:57:58.431-04:00"Finance literally bids rocket scientists awa..."Finance literally bids rocket scientists away from the satellite<br /> industry. The result is that erstwhile scientists, people who in <br />another age dreamt of curing cancer or flying to Mars, today dream of <br />becoming hedge fund managers."<br /><br />Economists excel at ad hoc theorizing but not at science.<br /><br />What % of science and engineering PhDs go into finance? HowMtMorunoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-50145420612942905442012-06-28T12:52:54.596-04:002012-06-28T12:52:54.596-04:00Just anecdotal, but we through a hiring process fo...Just anecdotal, but we through a hiring process for a physicist at my non-finance related company and we got about 20 extremely qualified applicants. There are also lots of physicists still doing lots of post-docs at the lab I used to work at. Not sure we are shortage of quality physicist capital. <br /><br />Of course, if you are one of those people that think R&D is driven by the top 0.1%, Albert Magnushttp://twitter.com/albert_magnusnoreply@blogger.com