Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets?ISBN: 978-0-470-40675-5
Hardcover
400 pages
June 2009
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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—Risk Management Magazine
"Readers of this book may make quite a lot of noise. . . Some
will cheer out loud; others will yelp as cherished beliefs are torn
into. At times, the book is deliberately incendiary. Triana is
trying to stimulate debate. . . On the whole, this is a good
read."
—The Financial Times, July 23rd 2009
"...calls for a return to "good old fashioned commonsense
decision making"."
—Daily Express, June 4th 2009
"This book explains how it is that theoretical finance can fail
dramatically in the real world."
—Finanace & Management Faculty, June 2009
"The book is fizzing with ideas"
—The Economist, June 29th 2009
" Triana’s book will ruffle a lot of feathers, but it also
will make many readers think hard."
—BizEd
"A deeply unsettling insider account of how bogus mathematics
overtook finance and was a key contributor to the financial
collapse of 2008-2009 . . . With deep insight, Triana deconstructs
the "pillars" of mathematical finance . . . Like Nassim Taleb,
celebrated author of The Black Swan (2007), Triana is
calling for major surgical reform of such business schools'
curricula. An important addition to our deeper understanding of how
finance must be reformed."
—Hazel Henderson, Ethical Markets
"Should the Nobel Prize for economics be abolished? That is one
of the suggestions in Pablo Triana's provocative book "Lecturing
Birds on Flying: Can Mathematical Theories Destroy the Markets?" .
. . As Nassim Nicholas Taleb writes in his witty introduction to
the book, giving someone the wrong map is worse than giving them no
map at all. . . a good read. Some may find the elaborate prose
closer to Cervantes than to, say, Nobel Prize winner Robert Merton
-- annoying. But perhaps Cervantes is the right writer to emulate
when tilting at windmills. "
—LA Times
"The highlight of Triana's book is his valuable insights into
the problems with mathematical economic models, which make his
argument quite forceful."
—Shanghaidaily.com