Modeling - When the Map Eats the City: How Hidden Assumptions Blow Up Models

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Modeling - When the Map Eats the City: How Hidden Assumptions Blow Up Models

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Nick Ledger examines invisible assumptions in financial models, from rational actor theory to normal distributions, exploring catastrophic failures like LTCM's 1998 collapse and 2008 crisis. Learn why making hidden assumptions explicit is the only defense against models that fail when reality doesn't cooperate.

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