Sudip Bandyopadhyay’s Blog

In Pablo Triana’s recent  book “Lecturing Birds on Flying” he suggests that probably Nobel Prize for economics should be abolished.  His assertion is that financial models such as value at risk (VaR), Black-Scholes-Merton (BSM) model have done more harm than good.  He goes on to say that “quantitative – finance” had a very large hand [...]