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The Resource The physics of Wall Street : a brief history of predicting the unpredictable, James Owen Weatherall

The physics of Wall Street : a brief history of predicting the unpredictable, James Owen Weatherall

Label
The physics of Wall Street : a brief history of predicting the unpredictable
Title
The physics of Wall Street
Title remainder
a brief history of predicting the unpredictable
Statement of responsibility
James Owen Weatherall
Creator
Subject
Language
eng
Summary
While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. From fin-de-siecle Paris to Rat Pack-era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles. The 2008 crisis was partly a failure of mathematical modeling, but even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models--whether in science or finance--have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn't understand their purpose, and didn't care. It was a catastrophic misuse of science. The solution, however, is not to give up on models; it's to make them better. Weatherall reveals the people and ideas on the cusp of a new era in finance. This book is riveting history that will change how we think about our economic future.--From publisher description
Cataloging source
DLC
http://library.link/vocab/creatorName
Weatherall, James Owen
Dewey number
332.63/20973
Index
index present
LC call number
HG4910
LC item number
.W357 2013
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Securities
  • Wall Street (New York, N.Y.)
Label
The physics of Wall Street : a brief history of predicting the unpredictable, James Owen Weatherall
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. [250]-268) and index
Contents
Primordial seeds -- Swimming upstream -- From coastlines to cotton prices -- Beating the dealer -- Physics hits the street -- The prediction company -- Tyranny of the dragon king -- A new manhattan project
Control code
ocn772099444
Dimensions
25 cm.
Extent
xviii, 286 p.
Isbn
9780547317274
Lccn
2012017323
Label
The physics of Wall Street : a brief history of predicting the unpredictable, James Owen Weatherall
Publication
Bibliography note
Includes bibliographical references (p. [250]-268) and index
Contents
Primordial seeds -- Swimming upstream -- From coastlines to cotton prices -- Beating the dealer -- Physics hits the street -- The prediction company -- Tyranny of the dragon king -- A new manhattan project
Control code
ocn772099444
Dimensions
25 cm.
Extent
xviii, 286 p.
Isbn
9780547317274
Lccn
2012017323

Library Locations

    • CRPL-Downtown LibraryBorrow it
      450 5th Avenue SE, Cedar Rapids, IA, 52401, US
      41.976964 -91.6624043
    • Ladd LibraryBorrow it
      3750 Williams Blvd. SW, Cedar Rapids, IA, 52404, US
      41.952174 -91.7193209
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