En un *post* de *Zero Hedge* se ofrece una interesante purga *quant*. Hay algunos condimentos de **Rage Against The Models**– pero entretenida de leer.

(…)

In 2008 Emanuel Derman and Paul Wilmott (two most famous names among quants) wrote the following in the article published in Business Week:

“Financial markets are alive. A model, however beautiful, is an artifice. To confuse the model with the world is to embrace a future disaster in the belief that humans obey mathematical principles.

How can we get our fellow modelers to give up their fantasy of perfection? We propose, not entirely in jest, a model makers’ Hippocratic Oath:

• I will remember that I didn’t make the world and that it doesn’t satisfy my equations.

• Though I will use models boldly to estimate value, I will not be overly impressed by mathematics.

• I will never sacrifice reality for elegance without explaining why I have done so. Nor will I give the people who use my model false comfort about its accuracy. Instead, I will make explicit its assumptions and oversights.

• I understand that my work may have enormous effects on society and the economy, many of them beyond my comprehension. “

(…)