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Posts tagged "formula"

From Wired Magazine: The Formula That Killed Wall Street

Road Map for Financial Recovery: Radical Transparency Now!
A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li’s work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions to the field. Today, though, as dazed bankers, politicians, regulators, and investors survey the wreckage of the biggest financial meltdown since the Great Depression, Li is probably thankful he still has a job in finance at all.


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Posted by Carey Miller - March 12, 2009 at 2:43 am

Categories: Economy, Politics   Tags: , , , , , , , , , , ,


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