Models.Behaving.Badly. : Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life

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 thei