Cover image for The physics of Wall Street

The physics of Wall Street

Author
Publisher
Boston : Houghton Mifflin Harcourt, 2013.
Description
320
Call #
332.632 W
Summary
Primordial seeds -- Swimming upstream -- From coastlines to cotton prices -- Beating the dealer -- Physics hits the street -- The prediction company -- Tyranny of the dragon king -- A new Manhattan project. 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.
Subjects
ISBN #
9780547317274

 

ID #
1611789

 

Availability

LocationCall NumberItem Typesort iconVolumeBarcodeStatus
Sunnyside332.632 WAdult Hard Cover0228564275458Available
Auburndale332.632 WAdult Hard Cover0228564406715Available
Laurelton332.632 WAdult Hard Cover0228564285531Available
Rego Park332.632 WAdult Hard Cover0228564323589Available
Flushing332.632 WAdult Hard Cover0228546350635Available
Central Adult Non-Fiction332.632 WAdult Hard Cover0228564224209Available
Kew Gardens Hills332.632 WAdult Hard Cover0228564228671Due 4-25-2014

Reviews and Notes

Summary/Annotation ->  "Weatherall probes an epochal shift in financial strategizing with lucidity, explaining how it occurred and what it means for modern finance."--Peter Galison, author of Einstein's Clocks, Poincare's Maps After the economic meltdown of 2008, many pundits placed the blame on "complex financial instruments" and the physicists and mathematicians who dreamed them up. But how is it that physicists came to drive Wall Street? And were their ideas really the cause of the collapse? In The Physics of Wall Street , the physicist James Weatherall answers both of these questions. He tells the story of how physicists first moved to finance, bringing science to bear on some of the thorniest problems in economics, from bubbles to options pricing. The problem isn't simply that economic models have limitations and can break down under certain conditions, but that at the time of the meltdown those models were in the hands of people who either didn't understand their purpose or didn't care. It was a catastrophic misuse of science. However, Weatherall argues that the solution is not to give up on the models but to make them better. Both persuasive and accessible, The Physics of Wall Street is riveting history that will change how we think about our economic future.

Marc Record

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1611789

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