A Quant's Perspective on the 2008 Financial Crisis

Transcript

What if your correlation assumptions are not good? And by the way, just to go back to that, I want to emphasize that in the 80s and 90s and early 2000s, CDO traders and RMBS traders got kind of anchored mentally to this kind of level of correlation. And they didn't think other levels of correlation mattered, but they just got in the habit of using ... Read More