Name: Models. Behaving. Badly. Why Confusing Illusion With Reality can Lead to Disaster, on Wall Street and in Life (en Inglés)
Price: 329.37 MXN
Availability: InStock
Author: Derman, Emanuel
ISBN: 9781439164990

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portada Models. Behaving. Badly. Why Confusing Illusion With Reality can Lead to Disaster, on Wall Street and in Life (en Inglés)

Formato

Libro Físico

Autor

Emanuel Derman

Editorial

Free Press

Año

2012

Idioma

Inglés

N° páginas

231

Encuadernación

Tapa Blanda

Dimensiones

21.5 x 14.1 x 1.9 cm

Peso

0.21 kg.

ISBN

1439164991

ISBN13

9781439164990

Categorías

Econometría
Finanzas
Física matemática

Models. Behaving. Badly. Why Confusing Illusion With Reality can Lead to Disaster, on Wall Street and in Life (en Inglés)

Emanuel Derman (Autor) · Free Press · Tapa Blanda

Libro Físico

$ 329.37

$ 598.86

Ahorras: $ 269.49

45% descuento

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Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "Models. Behaving. Badly. Why Confusing Illusion With Reality can Lead to Disaster, on Wall Street and in Life (en Inglés)"

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 penetrating insider's look at the recent economic collapse, Emanuel Derman--former head quant at Goldman Sachs--explains the collision between mathematical modeling and economics and what makes financial models so dangerous. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality--but in finance, models can shoot only for a very limited approximation of reality. Derman uses his firsthand experience in financial theory and practice to explain the complicated tangles that have paralyzed the economy. Models.Behaving.Badly. exposes Wall Street's love affair with models, and shows us why nobody will ever be able to write a model that can encapsulate human behavior.