A foolish consistency -- Metaphors, models and theories -- The absolute -- The sublime -- The inadequate -- Breaking the cycle
Summary
Annotation Emanuel Derman was a quantitative analyst (Quant) at Goldman Sachs, one of the financial engineers whose mathematical models became crucial for Wall Street. Here, he describes his experiences as a physicist on Wall Street, the models quants generated, the benefits they brought and the problems, practical and ethical, they caused
