PIRSA Logo


PERIMETER INSTITUTE RECORDED SEMINAR ARCHIVE

PIRSA:09050017  ( MP4 Medium Res , MP3 , PDF ) Which Format?
Scientists, Scienster, Anti-Scientists & Economists
Speaker(s): Emanuel Derman
Abstract: The syntax of economic theory closely resembles the syntax of physics. But physics deals with what seems to be the objective world. In contrast, the essence of economics is subjectivity and moral choice. What can you reasonably expect from treating economics as a branch of science? This talk compares the nature and efficacy of models in both physics and finance, and tries to reach a sane answer to the question above.
Date: 01/05/2009 - 2:30 pm
Valid XHTML 1.0!