Ph.D. programme on global financial markets and international financial stability at Jena University and Halle University, Germany

Mittwoch, 25. Februar 2009

Did math formula cause financial crisis?

This is the title of a short interview on Marketplace, a US public website which is part of American Public Media. The subject of the interview are copula, a statistical device used in the pricing of collateralized debt obligations (CDOs) and in other applications of financial risk assessment. More on this can be found in Felix Salmon's article Recipe for Disaster: The Formula That Killed Wall Street in Wired Magazine.

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