When Wall Street does the math, it can get it wrong
When Wall Street does the math, it can get it wrong
- June 3, 2013
- Jim Weatherall, logic & philosophy of science assistant professor, is featured in the Orange County Register June 3, 2013
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From the OC Register:
In the wake of the global financial crisis in 2007-08, financial commentators, policymakers
and investors have sought an explanation of what caused the collapse — and with it,
ideas for how to protect markets in the future. Many have pointed fingers at complex
financial products known as derivatives, and specifically at contracts known as collateralized
debt obligations… James Owen Weatherall is assistant professor of logic and philosophy
of science at UC Irvine and the author of New York Times best-seller "The Physics
of Wall Street."
For the full story, please visit http://www.ocregister.com/articles/derivatives-511016-financial-model.html (online subscription required to view full article).
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