Works Cited

Bernanke, Ben S. "THE MORTGAGE MELTDOWN, THE ECONOMY, AND PUBLIC

POLICY." The B.E. Journal of Economic Analysis & Policy (Symposium) 9.3

(2009): Article-2. Print. Primary source by Federal Reserve Board Chairman

about how mortgage based securities work, and what the future holds after the

financial crisis.

Black, Fischer, and Myron Scholes. "The Valuation of Options and Corporate

Liabilities." Journal of Political Economy 81 (1973): 637-54. Print. No paper

dealing with mathematical methods in finance would be complete without a

knowledge of the classic paper written by Black and Scholes, setting off the quant

revolution.

Cassidy, John. "Annals of Economics - Rational Irrationality." The New Yorker 5 Oct.

2009: 30-35. Print. This article describes the reason for uncooperative

relationships between Wall Street firms by drawing a parallel to Game Theory's

Prisoner's Dilemma and the Millennium Bridge in London.

"'Dream Team' Discusses Financial Engineering." Columbia Engineering News Fall

(2009). The Fu Foundation School of Engineering and Applied Science. Columbia

University. Web.

<http://engineering.columbia.edu/web/newsletter/spring_2009/%E2%80%9Cdrea

m_team%E2%80%9D_discusses_financial_engineering>. This source was used

for part of the future section, as it contains the opinions of some of the greatest

quants of all time, including Robert Merton, recipient of the Nobel Prize for his

work with the Black-Scholes equation.

Gross, Daniel. "The Real ?Green? Innovation." Newsweek 20 Apr. 2009. Newsweek. 10

Apr. 2009. Web. 12 Nov. 2009.

Joshi, Mark. "The Mathematics of Money." The Princeton Companion to Mathematics.

Ed. Timothy Gowers. Princeton: Princeton UP, 2008. 910-16. Print. This is an

excellent introduction to the use of mathematics in finance for the layman or

mathematician. It was used extensively in writing the introduction, history, and

future sections.

Lindsey, Richard R., and Barry Schachter, eds. How I Became a Quant: Insights from 25

of Wall Street's Elite. Hoboken: John Wiley & Sons, Inc, 2007. Print. This book

provided excellent background on the careers of several different successful

quants working on Wall Street. The introduction was invaluable as a source for

history of the field and technical definitions.

Salmon, Felix. "Formula for Disaster." Wired Mar. 2009: 76+. Print. This source heavily

criticizes quants on Wall Street, blaming them for the financial crisis. It explains

in depth David X. Li's Gaussian copula function as well, and provided most of my

information for the case against quantitative mathematics.

Stewart, James B. "Eight Days." The New Yorker 21 Sept. 2009: 59-81. Print. This article
provides extensive detail on the events of the financial crisis in September of 2009. The
author interviewed almost all of the major Wall Street executives and regulators, as well
as experts in economics to provide information in hindsight.