Sumit Paul-Choudhury

Rise & Fall of the Numbers Guys

The Physics of Finance: Predicting the Unpredictable – Can Science Beat the Market?

By

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Nobody could have seen it coming. That was the get-out-of-jail-free card played by bankers and banking watchdogs alike in the wake of the credit crisis that brought the global financial system to its knees. Yet that protestation actually convicts the financial community rather than excuses it. Nobody could have seen it coming because nobody had made enough effort to develop mathematical models capable of predicting the ramifications of their increasingly baroque investment decisions.

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