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Tag Archives: models
Who is in Control of Markets: Humans or Financial Models?
by Ekaterina Svetlova* The recent stock market correction raised again the question of who is in control of markets: humans or technology. Nasdaq CEO Adena Friedman said on CNBC that „humans are definitely in charge of the decisions in the market” … Continue reading
Should We Trust Economists? Are they charlatans, to be scorned as medieval cranks?
These questions above asked by professor of finance Noah Smith (Stony Brook University), as he discusses this issue: “To start, we need to talk briefly about what it is economic theorists do. Essentially, they make models, which are mathematical tools … Continue reading
