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Erica Thompson
More books by Erica Thompson…
“we are left either to act too late based on data or with deep uncertainty based on a model.”
― Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It
― Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It
“Models can be physical, mental, mathematical or computational, and they are by nature metaphorical.”
― Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It
― Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It
“For example, the so-called ‘delta hedge’ is a way to construct a portfolio that is insensitive to small movements in the underlying prices:”
― Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It
― Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It
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