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(Read the book Now) Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life By Full Pages.
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Book Summary: Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
Now in paperback, 8220a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions8221 (Gillian Tett, author of Fool8217s Gold).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