Models Behaving Badly: Why Confusing Illusion With Reality Can Lead to Disaster, on Wall Street and in Life Clayton Henry “Grass on the Rooftop”

“Grass on the Rooftop”

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Models Behaving Badly: Why Confusing Illusion With Reality Can Lead to Disaster, on Wall Street and in Life Clayton Henry “Grass on the Rooftop”Now in paperback, a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions (Gillian Tett, author of Fools Gold). Quants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. But in this penetrating insiders look at the recent