
LightSpringFox - Crypto Market Making (S5E2)
Flirting with Models
What's Your Most Educational Experience?
In those early days, what was your most educational ex ence? I think the most educational thing you can do is to just put something out into the market and see what happens. We had a simulator, and we just very quickly realize that every single gap between the simulator or model and production would just realize in a maximamly adverse fashion. And by that, i mean, when you fit a model, you expect the ever term to be centred with mean zero. In this case, any source of uncertainty was like maximumly negative. It really taught us about the game we were playing when we were independent. There's kind of almost like a gospel passed down through generations in this
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