Praise for Lecturing Birds On Flying “Finally, a book taking a critical look at Pablo Triana knows both thefinancial industry and the academic. Lecturing Birds on Flying has 68 ratings and 10 reviews. Pablo Triana knows both the financial industry and the academic community from the inside. Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets? Pablo Triana. John Wiley & Sons, , ISBN.

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Goodreads helps you keep track of books you want to read. Triana concludes with an in-depth discussion of the most significant historical episodes of theory-caused real-life market malaise, with a strong emphasis on the current pavlo crisis.

As this book is an excellent example of, the level of vituperation and ridicule is reaching the stratosphere, and shows no sign of abatement.

Lecturing Birds on Flying

Item s unavailable for purchase. He speaks the truth when he says that finance is a social science. Espen Gaarder Haug, trader, thinker, and author of “Derivatives Models on Models” “A thoroughly readable explanation of the problems that have beset the models and quantitative techniques that have underpinned so much of finance in recent years.

Adam rated it did not like it Jul 08, Thanks for telling us about the problem. His debunking of conventional wisdom is f,ying treat. A long rap sheet of evidence. Modeling human activity – forgetaboutit. Overall rating No ratings yet 0. Sure, many of us feel that we have heard enough on this topic-do wereally need another book about the financial mess and how it allbegan?

He details how the field of financial economics evolved from a descriptive discipline to an abstract one pabo to technically concocting professors’ own versions of how such a world should work. About the Author Pablo Triana has successful derivatives experience at all levels: Don’t have a Kindle? Black Swans make things harder.


A Moral Approach to the Dismal Science. Interesting enough for a movie.

Mohamed Lotfy rated it liked it Sep 22, Indeed the writing and logic is confused and leaves the reader trianw as to what the author is really asserting: His opinions on the need for change, especially the financial economics professors’ influence in the real world of finance The relating of his work experience is another positive All in all, I’d rather pass on the book, for I can assure anyone that the repetitiveness will be found very annoying.

What started out as theoretical – in no way connected to reality – is now accepted as practical knowledge. Somewill cheer out loud; lecturong will yelp as cherished beliefs are torninto. In one part of the book he is excoriating the practitioners of “pure mathematical finance” for the bringing down of the markets. But, at the very least, it is required reading for anyone who would regulate the finance industry.

He is a frequent contributor to business publications, including the Financial Times, Forbes. Customers who bought this item also bought. The author mixes tenses, makes up words like “panickly” and “noncowardly”and rambles on and on and on with very little coherence or logic. We appreciate your feedback. Persuaded, as I am, that quant analysis may have failed at its task, and that it bears a nontrivial responsibility of hte recent economic crisis, I find that Triana’s obsessive fingering of the quants as the sole culprits very conveniently forgets to mention that bankers took ridiculously risky and leveraged positions because they wanted to do it in the first place.

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Amazon Restaurants Food delivery from local restaurants. Mar 18, Martin V rated it it was ok. Heeding Fischer Black’s message. Fpying important addition to our deeper understanding of howfinance must be reformed.

Lecturing Birds on Flying : Pablo Triana :

You submitted the following rating and review. Do as I say, not as I do. The author then examines the sources of origin of many prevalenttheories and mathematical dictums.

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Pablo reaches new lows with tearing apart the status quo of mathematics on wall street and business school education. A must-read for anyone interested in finance. Machine learning comes to finance. Get people to pay the wrong price for something, then prance down to the trading desk patting yourself on the back and watch the trader try to keep a straight face. Amazon Renewed Refurbished products with a warranty.

Abhijith Budur rated it it was ok Feb 22, Machine learning comes flyijg finance Its a computational. Lecturing Birds on Flying: It seems the author is making a prediction here.

Pablo Triana has been writing about the limits of these types of mathematics for several years; now he reveals exactly what this means for our markets and why blind self-enslavement lecturung quantitative dictums puts us at great peril. Espen Gaarder Haugtrader, thinker, and authorof Derivatives Models on Models “A thoroughly readable explanation of the problems that havebeset the models and quantitative techniques that have underpinnedso much of finance in recent years.

The markets are not Normal and the past is a faulty guide. Pablo Triana Limited preview – In Social science, regularity and universality do not exist. Nov 17, Yasiru reviews will soon be removed and linked to blog rated it did not like it. An end to indoctrination.