Tuesday, November 29, 2011

Quants: The Alchemists of Wall Street

The credit crisis has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behavior. What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model- based financial system, or have we created a monster?

Source: VPRO Backlight

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