Program Do Hakowania Gg Pobierz Najpopularniejszy. Apr 16, 2009 What does one of the country’s most well-known financial engineers, or “quants,” have to say about the fancy financial footwork that helped spark the. Visible Body Human Anatomy Atlas 3.0.1; Deus Ex. The Ultimate Human Body 3.0; Deus Ex Human Revolution The Missing Link DLC; AXYZ 3D Human Models Collection.

Download Naruto Episode 166 Sub Indo 3gp. Download Aplikasi Penangkap Wifi Untuk Laptops. What does one of the country’s most well-known financial engineers, or “quants,” have to say about the fancy financial footwork that helped spark the global credit meltdown? Blame people, not the financial models they were using, said Emanuel Derman, director of Columbia University’s financial engineering program.

Financial engineering and quantitative investing, with their sophisticated spreadsheets, models and algorithms are no better than the people who use them, Mr. Derman said at a recent lecture in New York sponsored by the Columbia’s science department. Those people may make wrong assumptions, disregard flaws or ignore the possibility of rare but catastrophic outcomes.

They also are responsible for communicating potential problems with their models and making management decisions based on them. “I don’t think banks in Iceland went bankrupt because of bad models. They went bankrupt because of over – leverage,” said Mr. “Models are just the tool.”. Save Article Sign In to Save Subscribe to WSJ Text Size Small Medium Large Facebook Twitter WhatsApp SMS Copy Link