LEADER 02530nam 2200589 a 450 001 9910781847203321 005 20230126202549.0 010 $a1-119-94469-4 010 $a1-299-31452-X 010 $a1-119-94468-6 035 $a(CKB)2550000000062395 035 $a(EBL)822545 035 $a(OCoLC)769188932 035 $a(SSID)ssj0000942922 035 $a(PQKBManifestationID)11580561 035 $a(PQKBTitleCode)TC0000942922 035 $a(PQKBWorkID)10974698 035 $a(PQKB)10493886 035 $a(MiAaPQ)EBC822545 035 $a(Au-PeEL)EBL822545 035 $a(CaPaEBR)ebr10509856 035 $a(CaONFJC)MIL462702 035 $a(EXLCZ)992550000000062395 100 $a20111206d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aModels behaving badly$b[electronic resource] $ewhy confusing illusion with reality can lead to disaster, on Wall Street and in life /$fEmanuel Derman 210 $aChichester, U.K. $cWiley$d2011 215 $a1 online resource (241 p.) 300 $aDescription based upon print version of record. 311 $a1-119-96716-3 320 $aIncludes bibliographical references and index. 327 $aA foolish consistency -- Metaphors, models and theories -- The absolute -- The sublime -- The inadequate -- Breaking the cycle. 330 $aQuants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering the recent financial crisis with their complex mathematical models. What made these models, employed to minimize financial risk, so dangerous? In this penetrating, insider's look at the recent economic collapse, Emanuel Derman--former head quant at Goldman Sachs and a former physicist--explains the collision between mathematical modeling and economics that has touched every one of us. Though financial models imitate the style of physics and employ the language of mathematics, there is a 606 $aMathematical models$xSocial aspects 606 $aTheory (Philosophy)$xSocial aspects 606 $aMetaphor$xSocial aspects 615 0$aMathematical models$xSocial aspects. 615 0$aTheory (Philosophy)$xSocial aspects. 615 0$aMetaphor$xSocial aspects. 676 $a003 700 $aDerman$b Emanuel$0883025 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910781847203321 996 $aModels behaving badly$93679136 997 $aUNINA