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Articles posted on Thursday, December 27, 2012

How He Got It Right by Andrew Hacker The New York Review of Books

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Thursday, December 27, 2012
Category: Mathematics

From www.nybooks.com

There’s no doubt that the quants who bundled bad mortages, adding algorithms to rate them AAA, helped to give us the current recession. But just as culpable were their nonmathematical superiors who allowed them such rein.

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