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Overview
  • How are reviewers describing this item?
    financial, here, good, model and mathematical.
  • Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
  • Our engine has determined that the review content quality is high and informative.
  • Our engine has discovered that over 80% high quality reviews are present.
  • This product had a total of 28 reviews as of our last analysis date on May 31 2020.
Details

BETA

This feature is in BETA, meaning the algorithms used to provide these results are constantly improving. These results might change.

Most positive reviewquestion

Great book in explaining the gap between what quants actually deliver and what it is assumed they provide.

Most authentic reviewquestion

Read this book and you will emerge with a crystal clear understanding of the causes of the 2008 financial crisis; you will also...  Read More


Helpful Insights

BETA

This feature is in BETA, meaning the algorithms used to provide these results are constantly improving. These results might change.

    Posted by a reviewer on Amazon

    You need to be at the mathematical level of a wilmott or orrell to crap mightily on every financial model ever written and still be taken seriously.


    Posted by a reviewer on Amazon

    My favorite part of the book was right after they crap all over technical analysis (chartists) for drawing lines through dots and making solemn prognostications about the future, they then explain the hoopla around markowitz's modern portfolio theory (mpt), which hinges on an estimation of a return series, is no different than the dot line drawings of the chartists.


    Posted by a reviewer on Amazon

    A good book, it is so easy for reading, you don't have to be a quant to understand it, but if you are a quant (like me) you cannot deny that they are right, we are living into a bubble.


    Posted by a reviewer on Amazon

    Just like everything else, mathematics can be corrupted by big money.


    Posted by a reviewer on Amazon

    Their chatty dialogue explains the key role of the black-scholes formula in setting realistic prices for various kinds of financial options, but also emphasizes its limitations, so often ignored in practice.


    Posted by a reviewer on Amazon

    The empirical and mathematical answer is that markets exhibit “complex dynamics that resist numerical prediction”, with power law distributions replacing gaussians, not at all surprising in view of the variety of irrational actions identified by behavioral economists like kahneman and tversky.


    Posted by a reviewer on Amazon

    And, peter barnes, in “with liberty and dividends for all”, shows how to use universal ownership of wealth-generating assets for the same purpose.

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