Lecturing Birds on Flying Can Mathematical Theories Destroy the Financial Markets

For the past few decades, the financial world has often displayed an unreasonable willingness to believe that "the model is right, the market is wrong," in spite of the fact that...

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The Number That Killed Us A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis

In the 1990s regulators and policy makers worried about the risk that financial institutions were carrying.  Once the walls between investment and commercial banking came down...

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