Quants: The Alchemists of Wall Street
This story is about greed, fear and randomness from the insides of Wall Street, a story about Quants.
Quants are computer programmers and the math wizards in the engine room of our global financial system who have made the financial products that almost crashed Wall st.
Global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour which we come to know by credit crunch.
Yet another technological revolution in finance: trading at the speed of light is possible because of Quant’s, now quant’s are at the heart of it.
Now the questions are: What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system, or have we created a monster?
Quants: The Alchemists of Wall Street ,