The Physics of Wall Street

The Physics of Wall Street

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A Harvard scholar argues that mathematical models can provide solutions to current economic challenges, explaining that the economic meltdown of 2008 was based on a misunderstanding of scientific models rather than on the models themselves.Instrumental in this shift was the Black Monday stock market crash of 1987, during which world financial markets fell more than 20% literally overnight. Blame for the crash fell to a novel financial product based on options and the Black- Scholesanbsp;...

Title:The Physics of Wall Street
Author: James Owen Weatherall
Publisher:Houghton Mifflin Harcourt - 2013

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