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Models.Behaving.Badly. book cover

Models.Behaving.Badly.

Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life

by Emanuel Derman · 2011 · 240 pages

Nassim Nicholas Taleb
Nassim Nicholas Taleb
Recommended by 1 elite

Recommended by 1 Elite

Nassim Nicholas Taleb

About This Book

Emanuel Derman explores the limitations of mathematical modeling in finance by drawing parallels to the physical sciences and philosophy. He argues that while physics seeks precise theories of reality, financial models are metaphors that often fail when applied to unpredictable human behavior.

Genres

Psychology & BehaviorPhilosophyEconomics & Finance

Topics

Behavioral EconomicsCritical ThinkingDecision MakingMental ModelsRisk ManagementSystems Thinking

Book Details

Published

2011

Pages

240

Language

en

ISBN

9781439164983

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Recommended by Nassim Nicholas Taleb