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BWB REMEMBERS THE BOOKS OF OUR CHILDHOOD (3 OF 3)

The third and final part in our Children’s Book Week series on the books that BWB employees remember from their childhood. Don’t forget...

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Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life

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Models.Behaving.Badly.

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

by Emanuel Derman

Hardcover

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About the Book

Describing the collapse of the subprime mortgage CDO market in 2007, Derman urges readers to stop relying on these financial models where possible, and offers suggestions for mending these models where they might still do some good. This is a fascinating, lyrical, and very human look behind the curtain at the intersection between mathematics and human nature. 256 pp. 50,000 print.