Black Scholes Model and its frailty


Sharing an interesting article came across on the frailty of Black Scholes model. Rather frailty, its more about how abuse of a complex mathematical theory can lead to disastrous results. Writer has presented this on backdrop of sub-prime mortgage crisis of 2008. Link.


Prisoner’s Dilemma


Although being out of prison is necessary to n...

Although being out of prison is necessary to negative liberty, this is insufficient to guarantee positive liberty (Photo credit: Wikipedia)


The concept of Prisoner’s Dilemma as taught in Economics book of CFA Level 1 has left a great impression on me. I have recently encountered an interest blog illustrating this in further detail and thought to share this with you.


Enjoy reading and be amused….




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