The after effects of hacking: https://motherboard.vice.com/en_us/arti ... ssweek2017 .
So, why would anyone do it?
No. Nor has anyone else looking at the number of reviews on Amazon!
p.1: "The immediate suggestion is that the decline in financial ethics was a consequence of quantification of finance."No. Nor has anyone else looking at the number of reviews on Amazon!
I'll bite!p.1: "The immediate suggestion is that the decline in financial ethics was a consequence of quantification of finance."No. Nor has anyone else looking at the number of reviews on Amazon!
True or False?
p.1: "Are there ethics in quantitative finance?"
The abuse of Gauss?
What is the ethics distribution among quants? fat-tails? skewed? Any official list with quant's ranked by ethics? What is the most un-ethical formula in quant finance?
What is the criteria for ethics in quant finance formulas? where the model over-sold just to get academic credit? Was the model to begin with inconsistency with empirical data and was this hidden under the carpet? Finance papers ranked by ethics?
Can ethics be quantified (plenty of hidden variables) ?
Most important do ethics come in quanta ? I think so!
Mathematics enables the computing of consequences of actions which is a prerequisite to ethical decision making. Where before the consequences and risks of actions were unknowable (and ascribed to capricious gods), today they may be estimated."The financial crises that have occurred since 2006 have been associated with a degradation in financial ethics. Since the teaching of derivative pricing is often undertaken in the context of abstract mathematics, the question arises of the role of mathematics in supporting financial ethics. "
2017 Teaching Reciprocity as the Foundation of Financial Economics by Timothy Johnson
2018 Financial Models and Society: Villains or Scapegoats? By Ekaterina Svetlova ( amazon )
"Today's financial market participants seem to be madly in love with models and algorithms. The recent McKinsey report (Crespo et. al. 2017) suggest that the number of models used by banks to make various decisions is raising by 10 to 25 per cent annually."
Indeed! And those educated in the softer disciplines hate the harder disciplines because numbers remain unswayed by clever arguments.The problem with Marx is that he wasn't a mathematician.
Especially those liberal arts types.I'd think that models are more attracted to rich financiers than to ethical decision makers!