Articles liés à The Physics of Finance: Predicting the Unpredictable:...
The Physics of Finance: Predicting the Unpredictable: How Science Has Taken Over Wall Street - Couverture souple
L'édition de cet ISBN n'est malheureusement plus disponible.
Revue de presse
"An enthralling short history of how physics entered Wall Street" --The Daily Beast
"A fascinating history... Happily, the author has a gift for making complex concepts clear to lay readers" --Booklist
"A lively account of physicists in finance...An enjoyable debut appropriate for both specialists and general readers" --Kirkus
"Anyone interested in how markets work will appreciate this serious hypothesis" --Publishers Weekly
"Beautifully written, with clarity, understanding, and a broad view that is rare in these domains. Even those of us who are unconvinced physics has played an important role in finance will be carried along and learn from this engaging book." --Stephen M. Stigler, Ernest DeWitt Burton Distinguished Service Professor of Statistics, University of Chicago
"James Weatherall channels the sheer intellectual excitement of unlocking the secrets of nature, whether they relate to fundamental particles or financial markets" --Hans Halvorson, professor of philosophy, Princeton University
"Weatherall has a rare talent for making the complex comprehensible, and he puts it to excellent use explaining the role of physics and mathematics in financial markets. This is a book anyone concerned with the unforeseen consequences of financial innovations will want to read" --Lee Smolin, author of The Trouble with Physics
"Weatherall probes an epochal shift in financial strategizing with lucidity, explaining how it occurred and what it means for modern finance" --Peter Galison, author of Einstein's Clocks, Poincares Maps
"Weatherall's rollicking tale of science and profit has relevance to us all. He goes beyond the Frankenstein s monster cliché to argue that mathematical models are an essential foundation of a saner future" --William Poundstone, author of Fortune's Formula
"James Weatherall has announced his arrival as one of our leading young science writers. This smart, fast-paced history of ideas which is packed with vivid portraits of brainiacs famous and obscure and offers a provocative analysis of our current economic woes should appeal to a broad range of readers, from hard-core science junkies to business folks trying to make sense of modern finance" --John Horgan, Director, Center for Science Writings, Stevens Institute of Technology
"This book will lead you to reexamine what you thought you knew about the financial markets, and why it is so important for the economists to actually listen to what the physicists have been trying to tell them" --Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion, University of California, Irvine
"A compelling case for models in economics and an important book for anyone who embraces the scientific method for improving the lot of mankind" --Michael Brown, former CFO of Microsoft Corporation, past chairman of NASDAQ ----
Présentation de l'éditeur
After the economic meltdown of 2008, many pundits placed the blame on the proliferation of complex financial instruments, and on the people who dreamed them up physicists. After all, who could follow the murky workings of their derivatives and quantitative strategies?
In this clear and engaging history of physics and the financial markets, James Owen Weatherall questions this narrative. He takes us on a lively journey from fin-de-siècle Paris to Rat Pack-era Las Vegas, from wartime government labs to Yippie communes, showing how some of the finest scientific minds of the last century came to construct the sophisticated models on which modern securities trading is based.
It was not the physicists who were at fault, argues Weatherall; it was the people who used their ideas and instruments without understanding them. The future for physics in the financial markets should be a constant refining process, where improvements in mathematical modelling are the remedy, not the disease.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
- ÉditeurShort Books
- Date d'édition2014
- ISBN 10 1780720874
- ISBN 13 9781780720876
- ReliureBroché
- Langueanglais
- Nombre de pages304
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