This service is in BETA
Visit old events site
Event image
Models Behaving Badly

Clock icon
18:00 – 20:00 10 Jul 2013
Location icon
76 Portland Place, London, W1B 1NT

Speakers: Professor Emanuel Derman (Columbia University, Head of Risk at Prisma Capital Partners)

The equations of physics and finance resemble each other, but, though their syntax is similar, their semantics is very different.

In physics, theories stand on their own feet and can achieve great truth and accuracy. In finance, models are merely metaphors that try to describe humans by comparing them to physical systems
already understood via theories.

To forget that is to practice idolatry and suffer the consequences.

In this lecture Emanuel Derman will be talking about his experiences in both the financial and physics world while exploring the collision between human needs and desires, mathematical modelling and economics that has featured so dramatically in the recent financial crisis.

Registration from: 18:00.
Lecture begins: 18:30.
Welcome: Professor Sir Peter Knight, President, Institute of Physics
Expected conclusion: 20:00. followed by refreshments

Event type: Event
Organised by: IOP
Contact details: To register for information about future public lectures or to enquire about your registration please e-mail publiclectures@iop.org.

http://publiclectures2013.iop.org.


Invite friends
Link copied!
Location icon
76 Portland Place, London, W1B 1NT
Clock icon
18:00 – 20:00 10 Jul 2013
Tag icon

Invite friends
Link copied!
No registration required unless stated otherwise