{"title":"Emanuel Derman","description":"Emanuel Derman is a professor at Columbia University and Director of the university's program in financial engineering. Until his retirement in 2002, he spent sixteen years at Goldman Sachs as a quant.","products":[{"product_id":"brief-hours-and-weeks-my-life-as-a-capetonian-hardcover","title":"Brief Hours and Weeks: My Life as a Capetonian - Hardcover","description":"\u003cp\u003e\u003c\/p\u003e\u003cp\u003eBrief Hours and Weeks is the author's account of growing up in a small, tightly knit, first-generation Polish-Jewish community in Cape Town in the 1940s, 50s, and 60s.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eObserving through at first naive and then later more sophisticated eyes, he describes his childhood and youth in a protective off-the-boat immigrant Jewish family in very British-Commonwealth South Africa as apartheid becomes increasingly coercive.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThrough vivid and candid personal stories, he brings to life a time, place, culture, people, and set of mores that no longer exist. At 21, he leaves Africa to study in America.\u003c\/p\u003e","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":51368465629407,"sku":"9781068649103","price":50.4,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0813\/8958\/4607\/files\/WOiWhhNIYI9781068649103.webp?v=1789128473"},{"product_id":"models-behaving-badly-why-confusing-illusion-with-reality-can-lead-to-disaster-on-wall-street-and-in-life-paperback","title":"Models. Behaving. Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life - Paperback","description":"\u003cp\u003e\u003cb\u003eNow in paperback, \"a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions\" (Gillian Tett, author of \u003ci\u003eFool's Gold\u003c\/i\u003e).\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eQ\u003c\/b\u003euants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. But in this penetrating insider's look at the recent economic collapse, Emanuel Derman--former head quant at Goldman Sachs--explains the collision between mathematical modeling and economics and what makes financial models so dangerous. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality--but in finance, models can shoot only for a very limited approximation of reality. Derman uses his firsthand experience in financial theory and practice to explain the complicated tangles that have paralyzed the economy. \u003ci\u003eModels.Behaving.Badly. \u003c\/i\u003eexposes Wall Street's love affair with models, and shows us why nobody will ever be able to write a model that can encapsulate human behavior.","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":51379098943711,"sku":"9781439164990","price":17.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0813\/8958\/4607\/files\/KaEjljYZVL9781439164990.webp?v=1789268561"}],"url":"https:\/\/blackandbarhe.com\/collections\/emanuel-derman.oembed","provider":"Black \u0026 Barhe Bookstore","version":"1.0","type":"link"}