An Engine, Not a Camera
An Engine, Not a Camera
How Financial Models Shape Markets

A pioneering work in the social studies of finance describes how the emergence of modern finance theory has affected financial markets in fundamental ways—as an engine that shapes them rather than a camera that reproduces their every detail.

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references Black–Scholes model on 9/30/2019, 5:00:25 PM

via How Financial Models ... on 9/30/2019, 5:00:54 PM