Книга "Lecturing Birds on Flying. Can Mathematical Theories Destroy the Financial Markets?" - критический взгляд на математические модели в финансовой индустрии, иллюстрирующий ошибочные предположения и н uncritical использование этих моделей на Уолл-стрит, во многих случаях приводящее к миллиардным потерям. Автор Пабло Триана, который знаком с финансовой индустрией и академическим сообществом изнутри, раскрывает проблемы моделей и квантовых методов, которые лежат в основе финансов в последние годы. Он предлагает заменить сложные уравнения на что-то более близкое к здравому смыслу. Книга будет интересна всем, кто интересуется финансами, и является обязательным чтением для тех, кто хочет регулировать финансовую индустрию.
If you're not familiar with this work, here's the summary I wrote: "Taking a critical eye at quantitative finance and helping to lift the veil on its shortcomings. Reading party required.
Электронная Книга «Lecturing Birds on Flying. Can Mathematical Theories Destroy the Financial Markets?» написана автором Pablo Triana в году.
Минимальный возраст читателя: 0
Язык: Английский
ISBN: 9780470501030
Описание книги от Pablo Triana
Praise for Lecturing Birds On Flying «Finally, a book taking a critical look at quantitative finance models, illuminating both their flawed fantasy assumptions as well as the uncritical use of such models on Wall Street, in many cases, leading to billion dollar losses. Pablo Triana knows both the financial industry and the academic community from the inside. A must-read for anyone interested in finance.» —Dr. Espen Gaarder Haug, trader, thinker, and author of Derivatives Models on Models «A thoroughly readable explanation of the problems that have beset the models and quantitative techniques that have underpinned so much of finance in recent years. If only the bankers had heeded this message a few years before, we might not be in such a big mess today.» —Gillian Tett, Assistant Editor of the Financial Times, overseeing global financial markets coverage, and author of Fool's Gold «Pablo Triana dismembers quantitative finance, in theory and in practice, with expertise, anger,and an excellent eye for the illuminating anecdote. By the time he has finished marshalling his evidence, his call to replace complex equations with something more like common sense sounds like, well, common sense.» —Edward Hadas, Assistant Editor at Breakingviews.com; and author of Human Goods, Economic Evils: A Moral Approach to the Dismal Science «Pablo Triana is an entertaining and engaging writer, even on the dry subject of finance theory. His debunking of conventional wisdom is a treat.» —Pauline Skypala, Editor, FTfm, Financial Times «Triana's book is an unrelenting fusillade of detailed and irrefutable arguments against financial theorems and those who teach them. It should, by rights, spark a revolution in both investment banks and business schools. But, at the very least, it is required reading for anyone who would regulate the finance industry.» —Felix Salmon, Finance Blogger, Reuters
