Andrew W. Lo, director of the Massachusetts Institute of Technology’s Laboratory for Financial Engineering, breaks down the hot debate over the current financial crisis and how math may have played a part. Explore the arguments for and against the claim that the mathematical models used to manage specific complex financial securities are responsible for the Great Recession. Was it systematically programmed or just human nature?
This interesting Dutch documentary, "Quants - the Alchemists of Wall Street" (mostly in English) features Paul Wilmott, Emanuel Derman, Matthew Goldstein and Mike Osinski. While it covers a lot of ground that will be familiar to many of our users, it's does a better job of explaining the critical issues involved than any documentary I've seen produced in the UK on this subject. H/T ZeroHedge
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Finance Focus
This new book looks at the application of Sharia law to the world of banking
and finance. It provides you with an understanding of the rationale behind
the instruments and the rapidly developing Islamic financial markets.