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Who blames their equation for the financial crash? Afaik, it's a tool to valuate options, not an algorithm to trade or valuate mortgages. The link is that it "c
by zerostar07 15y ago
Who blames their equation for the financial crash? Afaik, it's a tool to valuate options, not an algorithm to trade or valuate mortgages. The link is that it "caused investment banks to hire people who had quantitative or mathematical skills". Which is like blaming Marie Curie for the Fukishima disaster.