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    The Physics of Wall Street: A Brief History of Predicting the Unpredictable (CD-Audio) By (author) James Owen Weatherall, Narrator Kaleo Griffith

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    DescriptionAfter the economic meltdown of 2008, Warren Buffett famously warned, "beware of geeks bearing formulas." But as James Weatherall demonstrates, not all geeks are created equal. While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. Taking us from fin-de-siecle Paris to Rat Pack-era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles. The crisis was partly a failure of mathematical modeling. But even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models--whether in science or finance--have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn't understand their purpose, and didn't care. It was a catastrophic misuse of science. The solution, however, is not to give up on models; it's to make them better. Weatherall reveals the people and ideas on the cusp of a new era in finance. We see a geophysicist use a model designed for earthquakes to predict a massive stock market crash. We discover a physicist-run hedge fund that earned 2,478.6% over the course of the 1990s. And we see how an obscure idea from quantum theory might soon be used to create a far more accurate Consumer Price Index. Both persuasive and accessible, "The Physics of Wall Street" is riveting history that will change how we think about our economic future.

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  • Full bibliographic data for The Physics of Wall Street

    The Physics of Wall Street
    A Brief History of Predicting the Unpredictable
    Authors and contributors
    By (author) James Owen Weatherall, Narrator Kaleo Griffith
    Physical properties
    Format: CD-Audio
    Width: 135 mm
    Height: 191 mm
    Thickness: 15 mm
    Weight: 113 g
    ISBN 13: 9781452662275
    ISBN 10: 1452662274

    B&T Book Type: NF
    BIC E4L: FIN
    B&T Merchandise Category: AUD
    BIC subject category V2: KC
    Nielsen BookScan Product Class 3: S4.9
    BIC subject category V2: KFFM
    B&T General Subject: 180
    LC subject heading:
    BISAC V2.8: BUS069000, BUS027000
    LC subject heading:
    BIC subject category V2: PBWS
    BISAC V2.8: BUS036000
    BIC subject category V2: GPFC
    Ingram Subject Code: JB
    Libri: I-JB
    BISAC V2.8: SCI012000
    Warengruppen-Systematik des deutschen Buchhandels: 57830
    LC subject heading:
    BISAC V2.8: BUS000000
    BIC subject category V2: PHU
    BISAC V2.8: SCI040000
    DC22: 332.63/20973, 332.6320973
    DC23: 332.6320973
    LC classification: HG4910 .W357 2013C
    Thema V1.0: KC, KFFM, PHU, PBWS, GPFC
    Edition statement
    Tantor Media, Inc
    Imprint name
    Tantor Media, Inc
    Publication date
    25 March 2013
    Publication City/Country
    Old Saybrook, CT
    Author Information
    James Owen Weatherall is a physicist, philosopher, and mathematician, and currently serves as assistant professor of logic and philosophy of science at the University of California, Irvine. Kaleo Griffith is a classically trained voice artist and actor living in Los Angeles. He has been called "powerful, with the presence of a young Timothy Dalton" by the "Hollywood Reporter." His various film and television credits include Oliver Stone's "Talk Radio," "Law & Order," "Diagnosis X," and "All My Children." Kaleo has won two prestigious "Audiofile" Earphones Awards.