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Kris Abdelmessih's avatar

Really interesting idea about the event based measures of time where an event is a change in order book state.

Thought about how time would look if you measured it on volume (baselined to some history for the name) but order book updates is more granular and converges to what we care about faster in think (in the same way that sampling vol intraday will converge on a vol estimate faster than say daily sampling)

Also liked the life-years framing to show how collective time is exponential and in contrast to individual time being log. It's a nerdy way of explaining why old people always thinks the youth have gone crazy. The gap between the old and young today is wider than it was 100 years ago and so on

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Scott Phillips's avatar

This was absolutely top tier psychopathic thinking. Bravo!

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