News, analysis and personal reflections on the markets & the financial sector
Pages
Home
Warren Buffett Quotes
Investment Books
Tuesday, January 6, 2009
Mathematical formulas missed risk, fueled crisis
Complex mathematical formulas used to calculate risk and values of investments may have helped fuel the financial crisis. Value at Risk, or VaR, was one of the most widely used models because it quantified risk as a single figure.
more at
http://www.nytimes.com/2009/01/04/magazine/04risk-t.html
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment