Books > Business & Economics > Economics > Econometrics > Economic statistics
|
Buy Now
Models. Behaving. Badly. - Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life (Paperback)
Loot Price: R395
Discovery Miles 3 950
You Save: R78
(16%)
|
|
Models. Behaving. Badly. - Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life (Paperback)
(sign in to rate)
List price R473
Loot Price R395
Discovery Miles 3 950
You Save R78 (16%)
Expected to ship within 10 - 15 working days
|
Quants, physicists working on Wall Street as quantitative analysts,
have been widely blamed for triggering financial crises with their
complex mathematical models. Their formulas were meant to allow
Wall Street to prosper without risk. But in this penetrating
insider's look at the recent economic collapse, Emanuel
Derman--former head quant at Goldman Sachs--explains the collision
between mathematical modeling and economics and what makes
financial models so dangerous. Though such models imitate the style
of physics and employ the language of mathematics, theories in
physics aim for a description of reality--but in finance, models
can shoot only for a very limited approximation of reality. Derman
uses his firsthand experience in financial theory and practice to
explain the complicated tangles that have paralyzed the economy.
"Models.Behaving.Badly. "exposes Wall Street's love affair with
models, and shows us why nobody will ever be able to write a model
that can encapsulate human behavior.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.