If you ignore the absurdly stupid title, this is actually worth a quick read. It's excerpts from interviews with Myron Scholes and Ian Stewart woven into an ov

If you ignore the absurdly stupid title, this is actually worth a quick read. It's excerpts from interviews with Myron Scholes and Ian Stewart woven into an oversimplified but not completely awful overview of Black-Scholes and its impact. If the question interests you, I recommend An Engine, Not a Camera by Donald MacKenzie. It goes into great detail about the history of Black-Scholes, its application in options trading, and how it (or, rather, financial modeling in general) tied into the 1987 crash and the failure of LTCM. I have a small writeup about it at http://jasonfager.com/1080-an-engine-not-a-camera/ http://jasonfager.com/1080-an-engine-not-a-camera/