I wanted to raise this for discussion so that we can get it out of the way, particularly because I don't feel like the balance of questions over the past few days has been appropriate.
I recall that a similar problem happening on the Theoretical Computer Science site initially, but they managed to control for it fairly quickly. The Artificial Intelligence site also had a similar problem, and it was closed within a week or two because it wasn't attracting the right community. If we can't get this right, it will be the death of our community.
As per the FAQ, our site is intended for:
professionals and traders working in investment banking, and academics involved in teaching and research
That's a pretty high bar; this site is not intended for beginners. In my view, it means that the following questions (as examples) are not in scope:
It's important to get the level of questions right in order to attract the right community.
I think that it's reasonable that a person asking a question should start with (a) a google search and (b) reading the relevant wikipedia page (if it exists). If the question doesn't imply at least this basic level of understanding, then it should be closed until it is improved.
What does everyone think? Do we need to change the site's scope to be more inclusive, or can we just agree that basic, beginner questions are not in-scope?
To the extent that people do not think that very basic questions should be allowed, I ask that you vote to close these questions as soon as you see them and leave a comment to reflect it.