He says financial models built on Brownian motion have done a great deal of good.
However, crises occur time and again, and far more frequently than most financial models would predict.
Donor countries, banks and consortia promoting new financial models for conservation can provide ever more such support.
And the Black Swan is a famous book about extremely rare events that most financial models cannot predict.
Does it require detailed financial models for anything new, challenging the numbers for anything outside the most common historical practice?
Wall Street collapsed because it depended too heavily on incorrect financial models.
They use no financial models, and valuation techniques are not very rigorous.
They can generally afford the best minds and offer the most resources with which to improve their financial models and augment their monitoring system.
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Borrowing a trick from earlier in his career, he hired analysts in India, Russia and China to help build financial models and sift through data.
She spent several years helping startups in order to get to know startups better, helping with things such as financial models and pitches to investors.
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Certainly true, but I believe that an even greater problem is the self deception that is indicated by their use of financial models of any kind.
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Third, the ECB alone needs to be careful that attempts to subsidize today's failed financial models don't impede innovation and the emergence of new, more sustainable funding structures.
Of course, the new long-term projects are not viable, whatever the financial models may indicate: artificially low rates do not create any additional savings with which to construct them.
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This allowed the investment bank to refuse the National Audit Office access to the financial models it had developed to inform the Treasury's decision on the future of the Rock.
They had to see that, while their financial models said what they were doing would work just fine, what they were doing could not work for the reasons I cite above.
AMD's processors have always done well in integer performance, which is important for common business tasks, but have lagged in floating-point performance, which counts most in elaborate financial models, engineering, and games.
The trick is writing software and algorithms that tackle industry-specific problems, such as flight scheduling that keeps pilots below flying limits and financial models that account for the cost of currency exchanges.
Private schools, which rely on tuition for a substantial amount of their operating budget, have different financial models from public schools, he said, and they need to lock in their enrollment numbers early.
They are determined to keep it that way, and are said to be racking up huge fees by challenging every assumption in banks' financial models to make sure they cannot be accused of optimism.
It explains why the department has suspended the competitions to run the Great Western, Essex Thameside and Thameslink services, just in case the financial models underpinning those contests are flawed in a similar way.
In several conference calls with our executive committee in December and January, we outlined our financial models and the new realities for most private colleges and universities--declining numbers of students paying full tuition, an increasing discount rate and stiffer competition from public universities.
Whether hearing loss is truly a cause of cognitive decline or merely a risk factor associated with the ageing brain, the decline of cognitive abilities into dementia is set to explode financial models of health and social care in Western societies and requires urgent attention.
While it is comfortable with wealth creation and the need for speculation in economic markets, it has nothing to say about financial instruments and models such as private equity, hedge funds or other forms of monetary capitalization.
The report identified five models of financial education that are capable of generating revenues while empowering clients.
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What remains to be seen is whether or not that can translate into the same runaway financial success as other models.
The financial services industry has models in place that serve the wealth and working class alike, and both are equally susceptible to bad advice and fraud.
Although financial firms think their models are an important part of their success, development and deployment of new models is often bogged down in bureaucracy, according to survey results released today by MathWorks, the UK developer of MATLAB and Simulink.
Central banks are busy bolting crude analyses of financial markets onto their workhorse models.
My thesis is that a lot of the current ad-supported business models have a financial incentive to not unbundle.
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