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

Posted in Books, community members posts | Tagged , , , , , , , , | Leave a comment

Should We Trust Economists? Are they charlatans, to be scorned as medieval cranks? – deliberates professor of finance Noah Smith

“To start, we need to talk briefly about what it is economic theorists do. Essentially, they make models, which are mathematical tools that are supposed to describe how the economy functions. The problem is that economists haven’t really built a … Continue reading

Posted in Books | Tagged , , , | Leave a comment