Nerds on Wall Street.
Math geniuses working to rationalize financial markets have become more prevalent, as the unearthing of small economic inefficiencies makes people very rich and thus puts a premium on the esoteric math and computer skills required. These math buffs transformed the culture of U.S. financial markets,...
| Published in: | American Enterprise Vol. 13; no. 5; pp. 46 - 50 |
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| Main Authors: | , |
| Format: | Article |
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American Enterprise Institute for Public Policy Research
July/August 2002
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| Online Access: | View this record in EBSCOhost |
| Summary: | Math geniuses working to rationalize financial markets have become more prevalent, as the unearthing of small economic inefficiencies makes people very rich and thus puts a premium on the esoteric math and computer skills required. These math buffs transformed the culture of U.S. financial markets, blurred the lines between academia and finance, and altered the range of products available to investors. They have also helped produce within the finance industry a unique cultural synthesis of the active and practical with the contemplative and theoretical. |
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