Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
Emanuel Derman examines the dangers of confusing models with reality. With attention to Wall Street and everyday life, this thought-provoking work considers how abstractions can shape decisions, distort understanding, and contribute to serious consequences when their limits are overlooked.
About This Book
Emanuel Derman explores the risks of treating models as reality rather than as simplified representations.
The book focuses on how this confusion can contribute to disaster on Wall Street and in life.
It offers a broad examination of the relationship between abstraction, interpretation, and real-world consequences.
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