Saturday, December 22, 2012
Models. Behaving. Badly.
My friend Anna Ivey (former Dean of Admissions and alum of the University of Chicago Law School) passed on a recommendation for Models. Behaving. Badly., by Professor Emanual Derman of Columbia. It's a nice alternative to Taleb's The Black Swan - particularly if, like me, you think Taleb has a lot to say but is readable only in very short doses.
The subtitle is "Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life." This is a a topic - the philosophy and science of mind by which we derive subjective meaning from objective circumstance - that has fascinated me for a long time.
Plus, if you like the stimulation of taking multiple disciplines and smashing them together to see what meaning results (sort of a mental Large Hadron Collider), you have to love a book that incorporates Humbert Humbert, positrons, The Pirates of Penzance, Black-Scholes, the Standard Model of quantum physics, and the Tetragrammaton.
Posted by Jeff Lipshaw on December 22, 2012 at 10:17 AM | Permalink
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Jeff, thanks for bringing this boook up---I read it last year and found it very interesting, although his autobiographical "My Life as a Quant" is even better, in my opinion.
Posted by: Steve | Dec 25, 2012 11:49:14 PM