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Daily Archives: 14 March, 2009

The Formula That Killed Wall Street

Posted on 14 March, 2009 by Walt

That mathematics is dangerous stuff. According to the article, a single formula — the Gaussian copula — killed Wall Street. But according to this article, it’s all the fault of physicists. The only explanation I can come up with that makes sense of these two conflicting versions of events? Mathematics is dangerous only when it falls into the wrong hands.

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March 2009
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