The failure of anomaly indicators in finance

A black swan; credit: Wikimedia

The replicability crisis in science

Recent public reports have underscored a crisis of replicability in numerous fields of science:

In 2012, Amgen researchers reported that they were able to replicate fewer than 10 of 53 cancer studies. In March 2014, physicists announced with fanfare that they had detected evidence of gravitational waves from the “inflation” epoch of the big bang. However, other researchers were unable to verify this conclusion. The current consensus is that the twisting patterns in the data are due to dust in the Milky Way, not inflation. In 2015, in a

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