• DocumentCode
    1275492
  • Title

    The rise and fall of the quants

  • Author

    Patel, Prachi

  • Volume
    46
  • Issue
    8
  • fYear
    2009
  • fDate
    8/1/2009 12:00:00 AM
  • Firstpage
    20
  • Lastpage
    21
  • Abstract
    When the U.S. financial system melted down, fingers were quickly pointed at the "quants"-the physicists, mathematicians, and engineers who had devised the computer programs, statistical tools, and financial instruments that were supposed to help investors manage risks. Critics said that it was the flawed assumptions of those financial models that brought banking to the brink of Armageddon
  • Keywords
    Finance; Fingers; Instruments; Investments; Mathematics; Packaging; Physics computing; Pricing; Risk management; Security;
  • fLanguage
    English
  • Journal_Title
    Spectrum, IEEE
  • Publisher
    ieee
  • ISSN
    0018-9235
  • Type

    jour

  • DOI
    10.1109/MSPEC.2009.5186543
  • Filename
    5186543