Why quants fail
Mathematical finance is built on a couple of assumptions. The most fundamental of them is the one on ma ket efficiency. It states that the market prices every asset fairly, and that the prices contain all the information available in the market.
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2009
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| Online Access: | https://ink.library.smu.edu.sg/sis_research/6144 https://ink.library.smu.edu.sg/context/sis_research/article/7147/viewcontent/w2009_09_Models.pdf |
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| Institution: | Singapore Management University |
| Language: | English |