>>3615308It is the last article I wrote on Steemit. It still works practically, but it is a very simple model that is simultaneously very intricate. I forgot one thing, literaly a basic econ principle, and I come from an econ background. So it isn't mathematically perfect. It still works, but it isn't mathematically perfect, which bugs the shit out of me. Also, I look like an ass in the article now because I say the markets can be in perfect equilibrium when they mostly can't and only can be in psychological models of discount rates (any traditional model would say they never can be exactly perfect).
