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A MATH FORMULA STARTED THE MELTDOWN

March 13, 2009

A mathematical equation known as Gaussian copula function, formulated by a math wiz, is the cause of the  global economic meltdown that started at Wall Street.   In the hands of profit-oriented financial managers with scarce understanding of the underlying math, an achievement worth a Nobel prize became a recipe for disaster.

The Formula That Killed Wall Street

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