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The future of financial mathematics

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The future of financial mathematics [#permalink] New post 25 Apr 2009, 18:39
By Nassim Taleb and his outrage at the usage of complex statistical method in financial markets :

"My outrage is aimed at the scientist-charlatan putting society at risk using statistical methods. This is similar to iatrogenics, the study of the doctor putting the patient at risk."

http://www.edge.org/3rd_culture/taleb08 ... index.html

Some background reading (apologies if these have been posted before) :

The forumla that killed wall street : http://www.wired.com/techbiz/it/magazin ... ntPage=all
Blowing up : http://www.gladwell.com/2002/2002_04_29_a_blowingup.htm
The future of financial mathematics   [#permalink] 25 Apr 2009, 18:39
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