Are Mathematical Models the Cause for Financial Crisis in the Global Economy?

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?

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Runtime:00:44:55

Hat tip KH

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