I've long been of the opinion that overly complicated and insufficiently commonsensical analysis of risk by theoretical physics and mathematics Ph.D's may have played an unfortunate part in the creation of the incredibly complicated arguments that dressed sub-prime mortgages up as AAA investments and thus contributed to the current parlous state of international credit markets.
Dave Bacon seems to agree and has a great idea to avoid this state of affairs in future; increase science funding to keep theoretical physicists away from money markets!
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