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Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life

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By Emanuel Derman

Web edition: November 18, 2011
Print edition: December 3, 2011; Vol.180 #12 (p. 28)

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A physicist and Wall Street strategist examines why people rely on models, economic or otherwise — and why that can be a bad idea.

Free Press, 2011,231 p., $26

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