Berto Jongman: Mathematics < Integrity = Financial Fraud
The mathematical equation that caused the banks to crash The Black-Scholes equation was the mathematical justification for the trading that plunged the world’s banks into catastrophe Ian Stewart The Observer, 11 February 2012 EXTRACT: The equation itself wasn’t the real problem. It was useful, it was precise, and its limitations were clearly stated. It provided …
Continue reading “Berto Jongman: Mathematics < Integrity = Financial Fraud"