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by mannykannot 2947 days ago
It is important to bear in mind that this paper does not attempt to quantify how much market inefficiency results from not having polynomial-time solutions to the problems in NP, or how much different things would be if we did [1].

The importance of the difference between P and NP appears to be much greater in domains that are starkly discrete, such as cryptography, than in those that are approximately continuous, like finance, where there are often approximate methods in P that are very effective and efficient, at least for most real-world cases.

[1] Only in the last section does the author look at all at real market data, and there only to look for evidence in support of a weak prediction from the thesis. This is so riddled with uncontrolled factors that it tells us nothing about the quantitative consequences of N != NP on market efficiency.