You are not connected to the UC Merced Library network. Access to online content and services may require you to authenticate with your library.
Off-Campus Access
Find a copy in the library
WorldCat
Find it in libraries globally
Worldwide libraries own this item
Finding libraries that hold this item...
Details
| Document Type: | Book |
|---|---|
| All Authors / Contributors: |
James Owen Weatherall |
| ISBN: | 9780547317274 0547317271 |
| OCLC Number: | 772099444 |
| Description: | xviii, 286 p. ; 25 cm. |
| Contents: | Of quants and other demons -- Primordial seeds -- Swimming upstream -- From coastlines to cotton prices -- Beating the dealer -- Physics hits the street -- The prediction company -- Tyranny of the Dragon King -- A new Manhattan project -- Send physics, math, and money! |
| Responsibility: | James Owen Weatherall. |
| More information: |
Abstract:
While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. From fin-de-siècle Paris to Rat Pack-era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles. The 2008 crisis was partly a failure of mathematical modeling, but even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models--whether in science or finance--have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn't understand their purpose, and didn't care. It was a catastrophic misuse of science. The solution, however, is not to give up on models; it's to make them better. Weatherall reveals the people and ideas on the cusp of a new era in finance. This book is riveting history that will change how we think about our economic future.--From publisher description.
Reviews
User-contributed reviews
Add a review and share your thoughts with other readers.
Be the first.
Add a review and share your thoughts with other readers.
Be the first.
Tags
Add tags for "The physics of Wall Street : a brief history of predicting the unpredictable".
Be the first.
Similar Items
Related Subjects:(2)
User lists with this item (1)
- Business items February(56 items)
by rperret updated 2013-03-19