Models. Behaving. Badly.
why confusing illusion with reality can lead to disaster, on wall street and in life
$42.39
- Paperback
240 pages
- Release Date
24 July 2012
Summary
Models Behaving Badly: When Math Met Mayhem on Wall Street
Now in paperback, “a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions” (Gillian Tett, author of Fool’s 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 Street to prosper without risk. But in this penetr…
Book Details
| ISBN-13: | 9781439164990 |
|---|---|
| ISBN-10: | 1439164991 |
| Author: | Emanuel Derman |
| Publisher: | Simon & Schuster |
| Imprint: | Simon & Schuster |
| Format: | Paperback |
| Number of Pages: | 240 |
| Release Date: | 24 July 2012 |
| Weight: | 209g |
| Dimensions: | 215mm x 141mm x 19mm |
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What They're Saying
Critics Review
“If you don’t want your models to behave badly, you should study carefully these words of wisdom on the philosophy of quantitative modeling. Emanuel Derman has always been one of the most respected quants on Wall Street. Now he has proven that he is also one of the most thoughtful. Though, in the sequel he should tell us what happened to the large man over the Sudan!”
–Clifford S. Asness, Ph.D., Managing & Founding Principal AQR Capital Management
About The Author
Emanuel Derman
Emanuel Derman is a professor at Columbia University and Director of the university’s program in financial engineering. Until his retirement in 2002, he spent sixteen years at Goldman Sachs as a quant.
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