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    Derman on mathematical models

    I understand Kean's professors concern. When you have too many variables which are dependent on subjective decision processes; you may find it unuseful to spend time on modeling. The issue becomes more severe when you think about the behavioral finance. These decisions are not concrete...
  2. E

    Derman on mathematical models

    Thanks Dmytro, Very interesting article which shows the importance of imagination and intuition; also mentioning the importance of economic understanding of the markets.
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