Theory of Interstellar Trade 1978??
"It should be noted that, while the subject of this paper is silly, the analysis actually dose make sense. This paper, then, is a serious analysis of a rediculose subject, which is of course the opposite of what is usual in economics"
Professor Paul Krugeman had an excellent point. Most ideas in mathematical finance today are on very serious subjects but often with rediculouse solutions based on a lot of unrealistic fantasy assumptions. Continuous dynamic delta hedging to argue for risk neutral valuation is just one of them (that fails completely in practice). Spacetime-finance on the other hand is extremely robust, but yes it is on a silly subject with few if any practical implications of todays only global economy (but yes practical measurable).
From the paper it looks like Professor Paul Krugeman now at Princeton University even got a grant to look into this topic, more grants should be given to such crazy topics.
While Paul Wilmott thinks it is the end of the world if we get alian visitors (see his blog) I am a great optimist and think this will be the time when we go from global-economy to a universe-economy, and yes spacetime-finance will then be of great importance.
I have not yet got time to look into his paper in detail. All I know is that I once got my invitation from a from a academic instititutions withdrawn once I mention would prefer to talk about Space-time finance. Good to see that the very best universities are a bit more open minded ;-)
So then I am not the only crazy person on this planet !!!
hemm in the 1978 paper there is a reference to a 1987 paper by same author, how is this possible???? is this paper a practical joke or is the 1987 reference simply a time-travel joke? Well Paul Krugman just told me the 1987 reference just was a time travel joke, so no time travel machine (at least not of this magnitude) yet then.
