Experts warn against relying only on mathematical models

05/9/2008 | Financial Week

Following the subprime meltdown, industry experts now say market participants should consider social sciences that affect human behavior, such as that of homeowners, rather than relying solely on mathematical models. "It's time perhaps to put aside mathematics and somehow find the right balance between qualitative, quantitative and sensitive risk management," said Philippe Carrel, global head of business development at Thomson Reuters. "Risk management is becoming an art."

View Full Article in:

Financial Week

Published in Brief: