Models splinter when you look at them closely – Part 3

By |2018-01-29T00:50:58+00:00January 23rd, 2018|Categories: Any Sector, Modeling|

In the previous posts Models splinter when you look at them closely – Part 1 and Part 2, I introduced Emmanuel Derman’s book Models. Behaving. Badly. and discussed a few different types and features of models. In this post I’ll conclude my reflections on Derman’s book with some b [...]

Models splinter when you look at them closely – Part 2

By |2018-01-29T00:51:07+00:00January 23rd, 2018|Categories: Any Sector, Modeling|

In the last post Models splinter when you look at them closely – Part 1, I introduced Emmanuel Derman’s book Models. Behaving. Badly. and discussed a few different types of models with the key idea that we use models to emphasize some features that are important, and eliminate ot [...]

Models splinter when you look at them closely – Part 1

By |2018-01-29T00:51:16+00:00January 23rd, 2018|Categories: Any Sector, Modeling|

Models splinter when you look at them closely. While this may not be true of fashion models, Emmanuel Derman argues that it is true of financial and economic models, and over three posts I’ll explore what models are and some of their benefits and risks. As someone with a physics [...]