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
great post! one obvious thought is that as traders we can easily measure how important an event is by how much money we can extract, so maybe the experience of a trader can be quantified by the pnl swings?
on a related note, it would be interesting to make a human experience curve taking into account some measure of productivity such as "a human producing or consuming $1 of goods"
Very interesting topic, and well written, thank you. An idea: even if human population tops out this century, we will be able to include autonomous AI life-years at some point and the curve will just get even more exponential.
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
This was absolutely top tier psychopathic thinking. Bravo!
great post! one obvious thought is that as traders we can easily measure how important an event is by how much money we can extract, so maybe the experience of a trader can be quantified by the pnl swings?
on a related note, it would be interesting to make a human experience curve taking into account some measure of productivity such as "a human producing or consuming $1 of goods"
Very interesting topic, and well written, thank you. An idea: even if human population tops out this century, we will be able to include autonomous AI life-years at some point and the curve will just get even more exponential.