Complexity clouds finance-risk models (original) (raw)

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We question the usefulness of focusing on sophisticated ecosystem or other models for assessing financial risks (Nature 469, 302–303; 2011 and Nature 469 351–355; 2011) when practical solutions are to hand.

The main bottleneck is more political than technical, driven by a US banking oligarchy that effectively controls the economy. (Europe's and China's banks have more complex interactions with the state.)

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  1. ETH Zürich, Switzerland
    Didier Sornette & Susanne von der Becke

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  1. Didier Sornette
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  2. Susanne von der Becke
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Correspondence toDidier Sornette.

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Sornette, D., von der Becke, S. Complexity clouds finance-risk models.Nature 471, 166 (2011). https://doi.org/10.1038/471166a

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