"Finally, a book taking a critical look at quantitative finance models, illuminating both their flawed fantasy assumptions as well as the uncritical use of such models on Wall Street, in many cases, leading to billion dollar losses. Pablo Triana knows both the financial...

How do professionals on Wall Street earn a living each year by predicting stock prices when efficient market theory claims that stock prices are essentially random and unpredictable? The answer is simple–by using techniques that allow for a stock market that can at times become predictable....

Chronicling the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox's The Myth of the Rational Market is as much an intellectual whodunit as a cultural history of the perils and possibilities of risk. The book brings to life the people and ideas that forged modern finance...