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by readgrounded 40 days ago
Quantitative finance went through a smaller version of this in the 2010s. The apprenticeship was building a Black-Scholes pricer from scratch, then a vol surface, then a calibration loop. Sweat problems that taught you what the math meant. Then libraries got good, platforms got good, and a junior could be productive without ever reeeeeally knowing how it worked. On some level yes the finer detailed knowledge is going to be lost because it gets locked in but in some ways we do get a "higher level api" to presumably solve more difficult problems.