It is not all the quants’ fault.
March 5th, 2009
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There is plenty of blame to go around from the current global financial crisis. But, I would like to point out that it is not “all the quants’ fault.” We are all now, unfortunately, sitting in the middle of a high quality (and extremely expensive) lesson in financial mathematics. I would hate for some of the truly important points to be lost to paying too much attention to some of the shiny details.
Categories: Expository Writing, Finance, Opinion Bubble, Copula, Information Taker, Price Taker, Quants