

In both these cases, however, there is no standard, specialized alternative offering in the field of risk management, as there are, for example, in engineering, CAD, app design, or music. Likewise, I am somewhat familiar with Phil Zecker's work at EQA Partners, where he produced an outstanding risk management solution using Mathematica. In my own work, I have used Mathematica to price complex derivatives products, a field in which it excels. I am aware of applications where the use of Mathematica is fully justified. To take one such customer story from the field of 3D CAD, I don't understand why anyone would prefer to use Mathematica for such a task, rather than a specialist product like Solidworks. But why would you, when there are much better alternatives available?". And, in general, when I look at the examples cited by Wolfram in its "customer stories", my reaction to many of them is: "Sure, you can use Mathematica to do that. In my own work in finance, for instance, it has generally proved much less useful than other products such as Matlab. But I have noticed that, in practice, Mathematica somehow fails to live up to its apparently unlimited potential for encapsulating creative thought-product across an almost unlimited span of human intellectual endeavor. I don't want this conjecture to be true: I'm as much a buyer of the hype around Mathematica as the next man.

the speculative endeavors of a fertile, creative intellect might readily be mistaken for actual (scientific) achievement by less agile minds.) (Of course, one man's dilettantism is another man's New Kind of Science: i.e. I have a theory, which I am in the process of writing about in a blog post, that other than in applications in mathematics (symbolic logic), Mathematica's primary usefulness is in encouraging a kind of intellectual dilettantism. In any event, I am interested in hearing about other real-life applications. The only "real-world" application that meets the specified criteria offered so far (twice) has been Wolfram Alpha (I am not entirely sure that it meets the second criterion - would you choose to develop WA in WL, if you didn't have a bunch of WL experts and a WL development platform at your disposal?). I originally posted this on Stack Exchange, where it was suggested it would more appropriately be posted here.


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