Report, if you have a problem with this page“ Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt. ”
Emanuel Derman
From : Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster
