Friday, December 6, 2013

MIT: Are Mathematical Models the Cause for Financial Crisis in the Global Eco...

Areas of Knowledge: Mathematics, Human Sciences - Economics and Investing, Financial Products, Corporate Responsibility, Ethics.
Ways of Knowing, Emotion (Fear and Greed) and Reason (what is the evidence?), Language - was language recklessly to create euphemistic terms for new products?
Secondary knowledge issue: What role did the Credit Rating Agencies play in the crisis?
Quote from the presentation: 'Nobody really knew what they had or what it was worth.... the market had broken down.'

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