Quants are the math wizards and computer programmers in the engine room
of our global financial system who designed the financial products that
almost crashed Wall st. The credit crunch has shown how the global
financial system has become increasingly dependent on mathematical
models trying to quantify human (economic) behaviour. Now the quants are
at the heart of yet another technological revolution in finance:
trading at the speed of light.
What are the risks of treating
the economy and its markets as a complex machine? Will we be able to
keep control of this model-based financial system, or have we created a
monster?
A story about greed, fear and randomness from the insides of Wall Street.
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