Models behaving badly
by Emanuel Derman

Models behaving badly by Emanuel Derman

This list is curated from 1 mentions and sorted by most mentioned, then by date of most recent mention. The more a book is mentioned, the more likely it's recommended and a favorite!

  1. Emanuel Derman has written my kind of a book, an elegant combination of memoir, confession, and essay on ethics, philosophy of science and professional practice. He convincingly establishes the difference between model and theory and shows why attempts to model financial markets can never be genuinely scientific. It vindicates those of us who hold that financial modeling is neither practical nor scientific. Exceedingly readable. [...]

    Nassim Taleb

    View source