The Formula That Killed Wall Street

02009-02-24 | Uncategorized | 0 comments

Recipe for Disaster: The Formula That Killed Wall Street
David X. Li, it’s safe to say, won’t be getting that Nobel anytime soon. One result of the collapse has been the end of financial economics as something to be celebrated rather than feared. And Li’s Gaussian copula formula will go down in history as instrumental in causing the unfathomable losses that brought the world financial system to its knees.
(Via William Gibson)

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