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Stock Investing > Finance Professor

How Scientists Helped Cause Our Financial Crisis

Mahar | Wed, 11/26/2008 - 9:25am | economists, financial crisis, financial models |  Add a comment

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Garbage in, Garbage out. Models are not reality. Models only help explain reality and therefore help our understanding of a reality that is generally too complex to fully grasp. These ideas are taught in every stats, econometrics, and finance class worth its weight. On every test students use
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