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Just as Geometry could not help Euler solve the “Seven Bridges of Königsberg” problem, Econometric analysis or Linear Algebra alone are not able to answer many key questions about how financial markets coordinate. Statistical tables are detailed in terms of reporting estimated values,...
Persistent link: https://www.econbiz.de/10013034373
Economics (and by extension finance) is arguably one of the most mathematical fields of research. However, economists' choice of math may be inadequate to model the complexity of social institutions. In a constructive spirit, this note offers some advice on how students could increase their...
Persistent link: https://www.econbiz.de/10012981547
One of the most exciting recent developments in financial research is the availability of new administrative, private sector and micro-level datasets that did not exist a few years ago. The unstructured nature of many of these observations, along with the complexity of the phenomena they...
Persistent link: https://www.econbiz.de/10012889299