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Thread: Quants: The Alchemists of Wall Street

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    Netherlands Avalon Member paul1972's Avatar
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    Default Quants: The Alchemists of Wall Street

    Dear Avalonians,

    "Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st.

    The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light.

    What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system, or have we created a monster?

    A story about greed, fear and randomness from the insides of Wall Street."



    You gotta understand that programmed Computers are doing all the SERIOUS trading these days, or has AI already taken over? I wonder.....



    Paul1972
    Last edited by paul1972; 16th March 2011 at 21:19.
    "..Emancipate yourselves from mental slavery. None but ourselves can free our minds..".
    - Robert Nesta Marley

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